Market snapshot
HSBC was the leading provider of structured products in the US in March, while Royal Bank of Scotland led the way in the UK, producing almost a third of all products offered to retail. Tim Mortimer analyses the figures
March saw HSBC lead the way in US product issuance. The bank marketed 46 products, representing 25% (by notional amount) of all deals issued. Next was Barclays Bank with 35 products and a 16% market share, followed by JP Morgan with 10% of notional sold. The three providers accounted for almost $880 million of notional sold and over 50% of all products issued in March.
The most popular products in the US retail market were leveraged return notes, which accounted for 40.48% of the market. Second
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