"There is nothing that fails so spectacularly as success that is misunderstood," according to Martin Bronfenbrenner, an economist whose words capture the state of the structured products market in the Americas. When the costs and the benefits of these investment products are understood by investors and vendors, their place in portfolios makes sense. But it is their complexity, or perhaps the perception of complexity, that has endangered development.
At the same time, the regulatory wheels have t
The week on Risk.net, July 7-13, 2018Receive this by email