Editorial: Counting the cost, but making the investment

Are those who assume structured products consolidation is bound to happen mistaken?

Richard Jory
Richard Jory, Structured Products editor

One anecdotal prediction has it that consolidation in the cash investment-heavy world of structured products will mean the 15 banks currently active in the field of derivatives investments will be reduced to five. But although you may have heard all this before and consolidation is common to the development of many industries, that doesn't mean it will happen.

The case for a far slimmer group of active banks in the market has become easier to make, especially once you take a look at what has

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