Structured product issuers have had a lot to contend with in the past two years. From the middle of 2007, burgeoning losses on US subprime mortgage portfolios caused mayhem for investors in collateralised debt obligations, dimming investor enthusiasm for complex products generally. Then, in September 2008, the demise of Lehman Brothers provoked a fresh awareness of the counterparty and liquidity risks involved in many derivatives and structured products.
Making things worse, global equity market
The week on Risk.net, July 7-13, 2018Receive this by email