Special purpose vehicles (spv)
Andorran bank Morabanc has traditionally catered to risk-averse investors in southern Europe, but it is now taking its business model further afield. Head of structured products Ferran Vila tells Jonathan...
Investors and lawyers voice concerns about using segregated accounts structure to issue streamlined cat bond instruments
The Financial Conduct Authority has exempted structured products from the Alternative Investment Fund Managers Directive in the UK, but products issued by offshore special purpose vehicles could still...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Special purpose vehicles (spv) articles
Reserve financing using offshore captives is big business in the US. Yet what started as an innovative method of moving excessive reserve requirements off balance sheet has turned, in some regulators’ minds, into a dark art that puts policyholder protection...
US clearing rules do not exempt SPVs, but industry is split on whether other exemptions - for unclearable swaps - would apply
They fell out of favour during the crisis, but derivatives product companies are set for a dramatic reappearance as banks seek to limit their collateral posting obligations – if regulators and counterparties can be persuaded of the benefits, that is....
At least six banks are talking to lawyers and rating agencies about reviving derivatives product companies, although AAA ratings may now be off the table
Using non-financial corporate bonds instead of bank bonds to underpin structured products could encourage more investors to consider them, as it would help diversify the counterparty risk within a portfolio, say industry participants
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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