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.
Eurozone insurers eye CLNs as ECB easing hits bond yields
Dealers tout hybrid credit and equity-linked notes with Eurostoxx 50 exposure
EU structured products reforms lack co-ordination, says industry
JAC calls on regulators to co-ordinate cost disclosure rules in KID with Mifid II
FVC review: Credit Suisse’s long-dated S&P 500 leveraged return
Capital-at-risk product comes with an unusually long 10-year maturity
FVC review: Morgan Stanley’s FTSE 100 range accrual
Issuer’s capital-at-risk product with quarterly coupons reviewed
FVC review: Investec’s five-year FTSE growth plan
Capital-protected product will use averaging to calculate final returns
Beware the pitfalls of averaging in structured products
Practice is useful for dampening volatility in valuations but carries risks
UKSPA contests EU stance on liquidity risk ratings
Structured products trade body declines to include liquidity risk metric in ratings
Q&A: Esma’s Patrick Armstrong on Mifid II and Priips
The watchdog’s priorities for 2015 include drawing up new powers of product intervention
First multi-issuer structured product network goes live in Asia
Contineo initiative set to transform structured product sector
Derivatives house of the year: Societe Generale
Risk Awards 2015: French bank on the front foot as rivals retreat
Structured products house of the year: Bank of America Merrill Lynch
Risk Awards 2015: BAML a big player in record year for CLOs
Pension fund risk manager of the year: PKA
Risk Awards 2015: So smart, banks will pay to do business with Danish fund
Finra maintains scrutiny of retail structured products
Regulatory body to focus on rate-sensitive products and protection for retail clients
China rates relaxation to drive structured products issuance
Lower deposit rates will force investors to take more risk
Generating returns from put options in structured products
Tim Mortimer on the value of put options in structuring
SG delivers accelerated growth on the FTSE 100
SG is the issuer but there is a link to four other UK institutions
French regulator: Don't starve retail market of innovation
Intelligibility is the key, AMF regulatory chief tells conference
People: Seyer joins MSCI to head global client coverage
UBS promotes Shane Edwards to head of global equity derivatives
S&P launches low-volatility index for structured products
Underlyings' liquidity aids issuers in pricing and hedging
Continuous advice is the new norm, say private bankers
Regulatory changes and customer expectations have transformed structured products advice
RCB reverse convertible offers safety at a cost
German investors get security with capped returns on Euro Stoxx 50
ETF roundup: Amundi ETF adds to Japan equity range
Source launches European Nasdaq Biotech Ucits ETF
Finra open to projections in structured products
Regulators and issuers at odds over backtesting versus projections
Equities to drive structured product market in 2015
Outlook for 2015: regulatory pressures to ease, further flourish expected