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.
Buy side turns to credit skew notes for yield pick-up
Revival of credit derivatives arbitrage strategy targeted at insurers and private banks
Priips delay unlikely even as pressure mounts
EC said to maintain the stance that firms can issue information documents without RTS
Bank prop indexes threatened by US tax changes
IRS’s Section 871(m) rule places burdensome requirements on non-qualified indexes sold to non-US persons
Negative Euribor erodes securitisation profits
Implicit floors in notes leave originators facing cost of negative rates on hundreds of tranches
Priips in disarray as nightmare scenario looms for issuers
MEPs send structured products rules back to drawing board as Eiopa chief calls for delay
German industry gears up to oppose CLN ban
German Derivatives Association argues ban is unlawful
MEPs' revolt threatens structured products reforms
Search for 'quick fix' under way before plenary vote on Priips regulation later this month
Hong Kong house of the year: BNP Paribas
Renewed focus on investor education and warrants innovation powers bank to crown
Interest rates house of the year: Societe Generale Corporate and Investment Banking
Multi-asset capabilities and risk recycling allow the bank to bring hit solutions to the market
Asia house of the year: BNP Paribas
Bank reaps rewards of doubling down on Asia as rivals retrench
Commodities house of the year: Societe Generale Corporate and Investment Banking
French bank focuses on client solutions as rivals pull back
Australia house of the year: UBS
Consistency and deep local roots makes Swiss bank go-to house for Aussie supers
Japan house of the year: Societe Generale Corporate and Investment Banking
Innovative reinsurance products helped solve insurers’ fixed indexed annuity hedging needs
Technology vendor of the year: Thomson Reuters
Demand for off-the-shelf pricing from regional and local banks plays to vendor’s strategy
Multi-issuer platform of the year: Contineo
Firm builds platform for strong growth amid tough environment
Bank technology provider of the year: BNP Paribas
Speed and reliability of bank’s Smart Derivatives platform a key plank of regional strategy
Structured Products Europe Awards 2016: call for entries
Take a look at the categories and find out how to enter this year's awards
Deal of the year: Credit Suisse
Addition of knock-outs to corridor variance swaps keeps investors happy and helps with risk recycling
Equity derivatives house of the year: Credit Suisse
Innovative product development and risk recycling power bank to record year
Structured Products Asia Awards 2016: The winners
BNP Paribas takes top honour after doubling down amid widespread retrenchment
Dealers’ WKSI woes: a case of rough justice?
Stripping firms of special issuance status suggests heavy-handed approach by SEC
FVC analysis: leveraged return vs dual directional products
Offering investors gains on the downside can present risk management headaches
China leverage clampdown to hit two-tier structured products
Product issuers look to derivatives to boost returns, but options are limited
TLAC subordination requirements loom in Europe
EC favours excluding derivatives from MREL and taking French approach to subordination