Investors should heed lessons of credit crisis

Investors should heed the lessons of the credit crunch by changing the products they invest in, said senior BNP Paribas bankers at Risk's 2008 Derivatives Summit in London on June 24. It is almost 11 months since growing losses among US subprime mortgage loans provoked widespread ratings downgrades of mortgage-backed securities and CDOs. With credit sent into disarray as an asset class, the turmoil has resulted in knock-on effects across the financial sector. Nick Tranter, head of European e