The concept of a single bank creating and managing a structured product that is linked to a pool of different issuers is a fairly straightforward one. In the UK, Investec and Societe Generale are the most frequent proponents of the technique.
Structured products are usually released by a single issuing bank rather than a plan manager, however, with investors taking the credit risk on that entity. But there is a drawback to this approach - if an investor only buys products from one issuer, any ad
The week on Risk.net, July 7-13, 2018Receive this by email