Latest articles from Derivatives & Structured Products

Ben Aitkenhead, head of US CMBS, Credit Suisse

Europe lags US securitisation revival

February 22, 2011

The European market for commercial mortgage-backed securities seems to be struggling to reinvent itself in time to handle a looming wall of maturities

MiFID review could have serious impact on OTC derivatives

January 31, 2011

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.

Chris Murphy, global head of rates derivatives and swaps trading at UBS

Regulation and interest rates create hedging uncertainty

January 31, 2011

Sharp divergences of opinion on the trajectory of interest rates in 2011 make life difficult enough for borrowers and investors, but regulation is providing an extra layer of ambiguity.

The search for transparency

November 24, 2010

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.

Changes set to test banks' adaptability

November 24, 2010

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.

Collateral damage

September 29, 2010

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

Hitting the wrong target

September 29, 2010

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.


Sukuk-based project finance takes off

July 28, 2010

The capital markets were deemed too fragile to issue a riyal-denominated Islamic bond to help fund Satorp's greenfield refining project in Saudi Arabia, but that doesn't mean this type of asset funding has gone away. Project sukuk are becoming well known in the Middle East as Islamic finance-friendly products. Writer James Gavin

Automated safety

July 6, 2010

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

Access and assurance

July 6, 2010

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

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