Structured Products/News
US issuers push for structured notes TLAC carve-out
US banks lobby Fed to reconsider eligibility of principal-protected notes
Benchmark providers eye banks’ prop index disposals
Stricter oversight could see index houses gobble up dealers’ in-house indexing units
People: SEC rings changes; Source names finance chief
Other news: Leonteq appoints Japan head; Arnaud trades SG for BAML; Goldman’s Frankel retires
Priips stakeholders in final push for German-style risk ratings
European authorities’ risk scale “too conservative”, says trade body
Dealers tout bond repacks to bridge TLAC issuance gap
G-Sibs see repacks as possible substitute for structured notes
US dividend tax breaches international treaties, say lawyers
Section 871(m) rules “full of holes”, say dealers
US may target ETFs for collateral add-ons
Credit risk in creation and redemption process singled out by Finra
Dealers fear death of dividend risk premia strategy
Shrinking dividend futures premium hurting investors
Citi bolsters structured finance team in London
New appointments in structured credit and prime brokerage sales
Priips risk indicators under fire from industry
Regulators ignored expert recommendations, lobbyists say
Overcrowding puts low volatility indexes under pressure
Inflows increasing correlations and reducing performance, say traders
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
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
People: Old Mutual Wealth taps Investec’s Dale
Head of intermerdiary sales at specialist bank leaves after seven years
US tax rules attacked by equity derivatives dealers
Testing criteria for equity-linked products branded a “joke”
EU regulators lean towards RIY cost disclosure for Priips
Reduction in yield “superior” to total cost ratio, says ESA joint committee chair
Macquarie wrestles with warrant valuation
Australian bank in negotiations on settlement of Hanergy TFP warrants
Multi-issuer platforms clash over MIPs’ purpose
Information hubs or one-stop-shop for structured products?
Asian insurers recoil from structured products
Institutional and regulatory barriers blamed for poor take-up of derivatives by life companies
People: Citi bolsters equity derivatives and prime services teams
Stephen Roti heads corporate equity derivatives