This report covers the investment opportunity in untapped home equity and the growth of HEIs, and outlines why the current macroeconomic environment presents a unique inflection point for credit-...
Darwin’s theory of natural selection could help quants detect flawed models and strategies
https://www.risk.net/cutting-edge/views/7855871/podcast-claudio-albanese-on-how-bad-models-survive
Taiwanese banks review viability of products offering options on long-dated rates
https://www.risk.net/regulation/7832031/range-accruals-under-spotlight-as-taiwan-prepares-for-frtb
Simon Karaban, head of index services at Singapore Exchange, talks about environmental, social and governance indexes and how the emergence of exchange-traded funds and wealth platforms is democr...
Investors in China are continuing to turn away from once-favoured products that offer an implied guarantee return – instead flocking into floating-return solutions linked to global financial ...
https://www.risk.net/investing/7667266/cmbc-mstar-shines-in-volatile-markets
The Chinese government’s flagship national strategy for the advancement of regional connectivity – the Belt and Road Initiative – continues to encourage the outward expansion of Chinese s...
Global markets have experienced a period of extreme volatility in response to acute concerns over the economic impact of the Covid‑19 pandemic. Numerix explores what this means for traders, iss...
The structured product market is one of the most dynamic and complex of all, offering a multitude of benefits to investors. But increased regulation, intense competition and heightened volatility...
To help better understand the challenges and opportunities a range of firms face when operating in this business, the current trends and future of structured products, and how the digital evoluti...
Exploring the risk thrown up by autocallables has created a new family of structured products, offering diversification to investors while allowing their manufacturers room to extend their portfo...
Structured products
Time for structured products desks to curb their appetite for risk
https://www.risk.net/our-take/6107941/asian-exotics-desks-need-to-slash-risk
Structured products
Recent months have seen some interesting shifts in the structured products market as firms try to adapt to the new normal amid an ebbing and flowing industry. Gathering senior structured products...
Changes to popular structured products aim to help dealers reduce risks and hedging costs, but will investors make the switch?
https://www.risk.net/derivatives/5326836/banks-tweak-euro-stoxx-autocalls-to-cut-concentration-risks
Principal-protected fund-linked products on the rise as fixed-income investors seek safety
BBVA‘s managing director of global structured solutions Latam, Manuel Meza Pizá, explains some of the reasons the bank has been named Latin America house of the year in the 2017 Structured Pro...
https://www.risk.net/derivatives/structured-products/5303281/perfect-matching
New indexes promise higher coupons and lower dealer hedging costs, but some market participants worry they are not all they seem
Irrational behaviours that creep into product structuring can be controlled mathematically
Andrei Soklakov presents a product design theory that incorporates Bayesian information processing and risk aversion
https://www.risk.net/cutting-edge/banking/2478978/elasticity-theory-structuring
IRS's Section 871(m) rule poses huge problems for US and European structured products issuers
Structured Products Europe: Panellists speak of Brexit hedges backfiring and Trump win confounding expectations
Structured Products Europe: Regulatory burdens holding back new structures
The DOL fiduciary duty rule, regulatory and enforcement priorities and the future of tax policy were discussed by structured products business leaders
If CDS skew spikes, some banks may be thankful for conservative accountants
https://www.risk.net/derivatives/structured-products/2477388/auditors-the-extra-line-of-defence
Firms say Mifid alignment will minimise legal risks of key information documents
https://www.risk.net/regulation/2476827/industry-applauds-12-month-priips-delay
IRS’s Section 871(m) rule places burdensome requirements on non-qualified indexes sold to non-US persons
MEPs send structured products rules back to drawing board as Eiopa chief calls for delay
German Derivatives Association argues ban is unlawful
https://www.risk.net/derivatives/structured-products/2469878/german-industry-gears-oppose-cln-ban
Search for 'quick fix' under way before plenary vote on Priips regulation later this month
The annual Structured Products Europe Awards are now open. Find out how your firm can enter
Leveraged funds are piling into short Vix futures as dealers seek hedges for exchange-traded products popular with retail investors. But as the market grows more crowded, analysts warn that hedgi...
BNP Paribas takes top honour after doubling down amid widespread retrenchment
https://www.risk.net/awards/2469189/structured-products-asia-awards-2016-the-winners
Stripping firms of special issuance status suggests heavy-handed approach by SEC
https://www.risk.net/derivatives/structured-products/2468324/dealers-wksi-woes-case-rough-justice
Offering investors gains on the downside can present risk management headaches
Insurers and fund managers brought together to tackle loophole in structured products reforms
Hardwiring of older risk measure into Priips means risk ratings could mislead investors
Parliamentarians' revolt against regulatory technical standards tests issuers' readiness for new regime
Regulator looking at solutions for firms that can't meet 'very challenging' timeline
https://www.risk.net/derivatives/structured-products/2465715/eiopa-signals-soft-launch-priips
The Priips disclosure regime will dramatically affect the structured products industry, impacting structured securities, non-Ucits funds, deposits, over the counter and insurance wrappers
https://www.risk.net/derivatives/structured-products/2466657/priips-the-final-countdown
Fines for BAML and UBS highlight importance of accurate cost disclosures
The prized ‘well-known seasoned issuer’ status has been removed from a number of banks operating in the US in recent years – with frustrating consequences for their structured note programm...
Loss of influence belies critical role UK played in crafting sensible financial regulation
Andrei N Soklakov shows how it incorporates traditional investment ideas while supporting a more accurate expression of clients’ views. He touches upon adjacent topics regarding the safety of f...
https://www.risk.net/derivatives/structured-products/2463288/deriving-derivatives
Post-Brexit halving of five-year swap rate sees Hartmoor pull FTSE deposit plans
Risk ratings ignore soft barrier protection and make differentiation difficult
Dual- or triple-index products offer higher potential gains but carry increased risk
Banks told to avoid trades that offset regulatory adjustments, but details are thin
Relentless focus on Priips compliance leaves industry vulnerable to hidden threats
https://www.risk.net/derivatives/structured-products/2462339/structured-products-unseen-enemy
Obscure provisions in UK Consumer Rights Act could threaten issuance programmes