Structured Products/News
Iosco issues regulatory “toolkit” for retail structured products
Complex retail structured products are the subject of the latest consultation report from the international body of securities regulators
US banks wary of disclosing fair value for structured notes
Correspondence shows several large Wall Street banks expressed reservations to the SEC about enhancing disclosure around their structured products
Reyker adds James Chu and looks to expand retail structured product offerings
Former managing director of Incapital Europe, James Chu, has joined bespoke financial service provider Reyker Securities to head its latest structured product distribution initiative
Reverse convertible investors face soaring tax bills under new approach to tax reporting
Treating certain structured products as 'single income-bearing derivative contracts' could double some investors' tax bill, but the trend appears to be taking hold in the US
People: Citi axes role of Asia structured products head
Harold Kim mulling other opportunities at the bank; Cantor Fitzgerald expands fixed income sales team; StanChart hires head of global investor coverage; Grundmann joins JP Morgan; DiBacco gets new role at Getco; RBC Investor Services CEO bids farewell
Goldman Sachs and Citi aim to keep up with retail demand as equities surge
The rally in equity markets is shifting demand to principal-at-risk structured products, say US banks
Prospectus Directive consultation: ‘Comprehensibility’ concerns top the agenda
Prospectuses for retail structured products should not be ‘legalistic’ or ‘overly mathematical’, says the UK Listings Authority, but can include payout formulae presented algebraically and examples to explain complex securities. It is perhaps no wonder…
Goldman Sachs angling for retail wallets in latest deal
Bank partners with online platform to bring its structured products directly into the hands of independent advisers
Italian anti-austerity vote could halt structured products revival, fear providers
Despite strong growth in Italy's structured products market last year, bankers say the mood has quickly turned conservative following the elections this week
China to get its first Euro Stoxx 50 ETF
Stoxx has licensed the Euro stoxx 50 to China Universal for an ETF, marking the first of its kind in the country
SEC says crucial information being withheld from investors in structured notes
In its latest letter, the SEC orders banks to highlight the difference between fair market value and issue price to help investors see what their investment is worth
Finex launches first Russia corporate bond ETF
Finex notches up industry first with LSE listing of ETF linked to Russian corporate debt
Eusipa optimistic that fall in structured products sales across Europe is a 'temporary blip'
A good start to 2013 means fall in turnover for structured investments and leverage products across six European exchanges in Q4 2012 does not spell bad news, says Eusipa
Six terminates Scoach partnership with Deutsche Börse
Differences between German and Swiss markets cited as Six focuses on Switzerland
Citi loses Asia structured products head as restructure rolls on
Harold Kim mulling other opportunities at the bank
Dividend-based ETPs stage a comeback
This year has seen a revival of interest in dividend-based exchange-traded products as investors continue their search for yield
Swiss structured products market boosted by the hunt for yield
Investors in Switzerland turn towards equity-linked products to beat fixed-income returns
SEC scrutiny blamed for stifling active ETF market
Despite lifting a moratorium on reviewing actively managed ETFs that use derivatives, the US Securities and Exchange Commission still imposes long waiting periods on product approvals
US tax proposal targets derivatives' 'phantom income'
A tax proposal from the US House of Representatives would raise taxes for individual investors on their derivatives holdings
Vast majority of Meteor structured products pay out
Maturities from the past six months show that only three of Meteor's products did not result in a payout, with FTSE underlyings performing especially well
First 'Smit' ETF launched as emerging markets equity inflows gather pace
Launch of Smit 40 Index ETF by Commerzbank coincides with surge in demand for emerging markets equity products
Esma dismisses Prospectus Directive criticism
Issuers say investors will not benefit from amendments to the EC's Prospectus Directive, but Esma maintains the new requirements serve a purpose
SEC closes in on sweep guidance for structured notes estimated value disclosure
The SEC will soon send issuers final guidance on structured note valuation disclosure, following a sweep letter sent last April