A steadier ship

"Structured products are more interesting after the financial crisis than before," said Jean-Marc Michelet of Brussels-based Michelet Consult, speaking at the Structured Products Americas conference in Miami on May 7. "But we must take care on the pricing and secondary market liquidity - we need a quality label on those aspects," he said.

Attributing the global financial crisis to credit securitisation rather than subprime credit, Michelet noted that the crisis was nothing to do with the bond

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