Green shoots

Many of Spain's retail structured products investors have piled into deposits after tiring of dismal returns. But dealers say volumes are holding up and propose a return to simpler products backed by highly rated issuers as the key to growth, while distributors forecast a resurgence by the end of 2009

The Structured Products Espana conference, held at the Hotel Melia Madrid Princesa in Madrid on February 25, was characterised by divergent views. Distributors complained that business had slowed to a halt, citing premium deposits as the main culprit in the hiving off of money traditionally captured by structured trades. "Retail investors are fed up about not getting the returns from the bull market of the past few years," said one market participant. "Many investors are just sitting in

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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