Providers group to form official UK structured products body

A total of eight structured products providers have signed up to create the UK Structured Products Association (UK SPA), a formal trade association for the industry. The group counts six major providers among its members: Royal Bank of Scotland, Citi, Santander, Credit Suisse, Morgan Stanley, Skandia, Legal & General and Prudential.

The confirmation of the line-up comes after weeks of speculation over which institutions would be included, and months of behind-the-scenes negotiations among provid