Going it alone

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Tilde Vinge Hem, Jyske Bank

“Now we use only ourselves as issuer. We put together the products and we distribute them,” explains Tilde Vinge Hem, financial engineer at Jyske Bank in Copenhagen. “Previously, we used both ourselves and big banks such as UBS and JP Morgan but there have been so many issues centred around issuer credit risk that now we issue all the products ourselves. Not because our rating is higher than anyone else, but because our clients know us and are comfortable with us. We expect