Dealers rue loss of US structured product issuance freedoms
SEC’s removal of special status from select banks hits marketing and issuance capacity
Loss of WKSI status can weigh heavily on dealers' structured note programmes
It's the nightmare scenario that haunts every driver. Running late for an appointment and desperate to make up for lost time, you hit the accelerator going through a reduced speed zone. The police pull you over and issue a speeding ticket. This isn't your first. Next thing you know, a letter arrives in the post saying your licence has been revoked. At a stroke, your freedom to travel is drastically curtailed.
US-based structured product issuers are plagued by a similar anxiety. This concerns the
