Structured products
Scenarios for all seasons
Technology
STP for OTC
Straight-through processing
No Indian summer
Cover story
All Boxed Out
Special Report: Interest rates
Moody's shakes up structured finance team as CPDO scandal grows
The head of structured finance at New York-based rating agency Moody's is leaving after the firm announced disciplinary proceedings over mis-rating of European constant proportion debt obligations (CPDOs).
Losing lustre
Structured products
Rates reversal
Editor's letter
Marlborough incorporates range of actively-managed OEIC funds of ETFs
Marlborough Fund Managers (MFM) has incorporated a range of actively managed OEIC funds of exchange traded funds (ETFs) into its brand. The range was originally launched under the MFM iFunds brand and has been offered to private client portfolios for…
Abbey launches Capital Guaranteed products
Abbey has launched two capital guaranteed products including the third issue of its Guaranteed Capital Plus plan, linked to the FTSE 100 index. The three-and-a-half-year plan returns 18% if the FTSE 100 has risen by at least one point during the term, or…
BGI launches iShares ETFs with exposure to China and alternative energy
Barclays Global Investors (BGI) has launched four iShares exchange traded funds (ETFs) on the Nasdaq stock market. The iShares FTSE China (HK listed) Index Fund provides exposure to the China market by tracking the respective index, which comprises…
Morgan Stanley launches four more linked to property and Asia ex Japan
Morgan Stanley has launched another four capital protected plans linked to UK commercial property, Asia ex Japan and the FTSE 100 index. The 5.6-year UK Commercial Property Growth Plan 2 offers 100% participation in any increase of the IPD UK Annual…
Chinese regulator slams banks over leveraged products
China could clamp down still further on its derivatives markets unless banks start selling more cautiously, a senior regulator has warned.
Bankers' incentives blamed for crisis
In the wake of the credit crisis, senior bankers and regulators are considering changes to incentive programmes, which might have encouraged traders to make short-term bets without considering long-term risks.
Investors caught short by auction rate meltdown
Investors badly misjudged the risks posed by auction rate securities (ARS), and the willingness of dealers to keep supporting the market in the event of a liquidity drought, a new report has shown.
Barclays launches carbon investor note
Barclays Bank has launched an exchange traded note offering investors exposure to the global carbon price.