Bear Stearns has announced the formation of Bear Stearns Financial Products (BSFP) and Bear Stearns Trading Risk Management (BSTRM), two special-purpose global derivatives companies.
The new subsidiaries will allow Bear Stearns clients to execute fixed income and equity derivatives trades with either of two triple-A rated programmes.
BSFP is a wholly owned subsidiary of The Bear Stearns Companies Inc. BSTRM is in turn a wholly owned and fully guaranteed subsidiary of BSFP. BSFP is a continuation
The week on Risk.net, July 14–20, 2017Receive this by email