Structured products
WHAT IS THIS? Structured products are investments that have multiple components. For retail investors, the most common form is a bond plus an option – these tend to be standardised, sold in small tickets and large volumes. Managing the risks of large structured products portfolios is one of the biggest challenges dealers face.
FVC review: Mariana structured note offers range-bound income
Coupons could surpass risk-free rate but indexes must remain within defined range
Proprietary indexes: private products face public scrutiny
Post-UBS enforcement action, what next for custom indexes?
How ‘worst-of’ strategies can outperform index-linked products
Stock-based structured products can outperform index-linked counterparts but rigorous analysis is key
Small banks face rate options valuation model change
Negative rates causing pricing model rethink
Interview: Dutch regulator on leveraged ETF review
Following clampdown on leveraged ETFs in 2013, Autoriteit Financiële Markten launches second review of sector
Priips risk indicators under fire from industry
Regulators ignored expert recommendations, lobbyists say
Dealers baulk at new SME derivatives rules
Priips to force banks to publish cost analysis of corporate trades
Overcrowding puts low volatility indexes under pressure
Inflows increasing correlations and reducing performance, say traders
UBS case shines light on proprietary index disclosures
US dealers’ custom index operations under heightened scrutiny following SEC enforcement action
Structured Products Europe Awards 2015: The winners
Societe Generale triumphs in a year of two halves
Best in Germany: UBS
Solvency II optimisation strategy delivers capital savings for insurers
Retail structurer of the year: UBS
Dutch broker partnership boosts market share
Industry frets over Priips cost disclosures
Disclosing all costs "makes absolutely no sense", says one dealer
Fed TLAC proposals put structured notes in limbo
Vague rules spark confusion; Morgan Stanley may face headaches
Regulators should beware structured product bubbles
Closer scrutiny as they emerge could help avoid nasty surprises
FVC review: Mariana’s dual-option autocall offers high returns
New autocall boasts comparatively long maturity
FVC review: Citi’s leveraged product could outpace underlying ETF
Principal at risk if 10% capital protection buffer is breached
Q&A: Italy's structured products body on complexity crackdown
Acepi chair Dario Savoia talks Consob, Priips and complex products
SEC targets ‘switching’ of structured products
Frequent early redemptions used to boost broker commissions
SEC probing more proprietary index cost disclosures
US official says regulator is examining "a case or two"
Tech vendors court law firms for KID market
Fintech companies seek partners to prepare new Priips disclosure documents
Spain to launch structured product risk ratings
Critics say rule will “collide” with Priips requirements
Korean crunch: how HSCEI fall hammered exotics desks
Dealers lose over $300 million in scramble to hedge autocallables
RMB fall forces Chinese corporates to rethink hedges
Exporters dump forwards; others hedge for the first time