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.
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
VAR versus expected shortfall: why Priips has got it wrong
Hardwiring of older risk measure into Priips means risk ratings could mislead investors
People: Credit Suisse’s Bhandari joins Nomura
Folloit joins Citi from BAML; Barnard departs RBS
Dealers decry wrangling over EU structured product reforms
MEPs' threat to vote down Priips RTS could herald "nightmarish scenario"
Eiopa signals soft-launch of Priips
Regulator looking at solutions for firms that can't meet 'very challenging' timeline
Securitisation losses rattle peer-to-peer lenders
Marketplace lending hit by downgrades, legal worries and questions over structure of deals
Structured note issuers warned on faulty disclosures
Fines for BAML and UBS highlight importance of accurate cost disclosures
Dealers rue loss of US structured product issuance freedoms
SEC’s removal of special status from select banks hits marketing and issuance capacity
Brexit is a tragedy for EU financial services regulation
Loss of influence belies critical role UK played in crafting sensible financial rules
Deriving derivatives
Andrei Soklakov shows how to incorporate traditional investment ideas and clients’ views into structured product design