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.
Rise of the cyborgs: tech remakes the front office
Dealers “have no choice” but to change, says UBS’s Orcel – and plenty of changes are coming
BNPP beats SG on equity trading
Equity and prime services revenues surge 19.3% at BNPP
Prudential Financial braces for higher lapse risk
Net redemptions hit $1.2 billion at US insurance giant
South Korea prepares for EU benchmark equivalence
New regulatory framework aims to allow European firms to continue using local benchmarks
Nervy Korean autocall investors lean on lizards
After volatility surge, buyers give up coupons for better chance of early redemption
European supervisors may step in over Priips confusion
Differences in how issuers disclose product costs harming comparability, observers say
Nikkei sell-off puts Japanese autocall dealers on alert
Risk recycling may backfire if index slump continues
How Asia’s structured products dodged equities sell-off
Dealers deserve praise for improved structures, greater diversification and better risk transfer
Market mayhem hurts relative-value vol trades
Losses estimated at close to $500 million as US index volatility spikes
Structured products house of the year: UBS
Risk Awards 2018: Swiss bank connects clients with cheap execution and innovative investment products – even when offered by rivals
Digitally adapting to regulatory change
Winners' Circle Q&A: Structured Products Europe Awards 2017 | BNP Paribas
Traders blame short gamma positions for Nikkei vol jump
Uridashis, macro positioning and ETFs behind record 23% rise in volatility on November 9
PKA’s CIO on risk transfer and factor investing
Risk30: Low volatility aids and hinders Danish fund
Banks tout new structures amid Korean autocall resurgence
Modified structured products still popular as banks learn lessons of China crash
The future of risk in 10 interviews: volatility, liquidity and tech
Fed’s Powell, JP Morgan CRO, Bridgewater co-CEO all feature in upcoming profiles
UBS’s Athanasopoulos on volatility, Mifid and hedging by machine
Risk30 profile: Athanasopoulos sees opportunities to cut hedging costs
Korean autocallable volumes double as HSCEI rallies
Diversification of underlying investment and additional protection options also behind revival
SG loses veteran global markets sales head
El-Asmar’s role being temporarily covered by markets head, Frank Drouet
Banks tweak Euro Stoxx autocalls to cut concentration risks
Changes to popular structured products aim to help dealers reduce hedging costs, but will investors make the switch?
Asia investors eye fund-linked structures amid US rate rises
Principal-protected fund-linked products on the rise as fixed-income investors seek safety
Asian privacy laws obstruct FRTB data pooling efforts
Bank scepticism and regulatory hurdles likely to inhibit cross-border information sharing
Autocall hedging set to push Euro Stoxx volatility higher
Rising index likely to trigger increased volatility, say dealers
Structured products house of the year: Credit Suisse
Risk Awards 2017: Bond repacks, op risk notes, LOCs – and a big reorganisation
Fresh Priips objections reignite timing fears
Supervisors' concerns could delay adoption and put pressure on implementation timeline