A proposed reform of MiFID could have a major impact on the OTC derivatives market, and it has been suggested that the authorities are paying only lip-service to consultation.

Listed products seem to meet many of the criteria for improved transparency and liquidity demanded by investors in the wake of the financial crisis, writes Michael Marray.

US, EU and UK authorities are all tightening regulations for the design and distribution of retail structured products. Banks are reacting quickly, but the international pattern of changes is not always coherent. Michael Marray reports.

There is broad consensus that moving over-the-counter derivatives to central clearing will reduce individual and systemic risks, but this is not a panacea. Writer Philip Alexander

The new regulations designed to tame the world's banks and mend the post-crisis financial system are panning out with unintended consequences which threaten to hit the private sector where it hurts most. Michelle Price reports.

The range of index-strategy products based on algorithmic models has expanded dramatically in recent years. What used to be mainly the preserve of the equity derivatives department has now moved cross asset into commodities, foreign exchange and fixed income. Writer Michael Marray

As investor demand and regulatory pressure drive a greater level of risk control and transparency among hedge fund and derivative offerings to private investors, managed accounts and UCITS 3 wrappers are providing a safer route to alternatives exposures. Writer Hugo Cox