Book description
The structured products industry has become a substantial, but widely misunderstood, business. Structured products, though often deemed capricious and hard to define, have evolved into a mainstream investment product for investors all over the world, with Japan in particular seeing the issue of these products at historically high levels. Many finance professionals are aware of their existence but lack a comprehensive understanding of their history and how they function unless they are directly involved in them.
With a Foreword by Gillian Tett to set the scene, Structured Products takes the reader on a tour through the past, present, and future of the industry, providing a concise and complete guide to the breadth of its scale and scope around the world. The book covers the evolution and history of the markets in the UK and Europe, Asia, Japan, and North America, their idiosyncrasies and characteristics, an analysis of the losses accrued in the past, regulatory responses (including the introduction by the European Commission of its PRIPs regime proposal), risk management and modelling, and a forecast for their future.
This book is essential reading for all finance professionals who need to improve their understanding of this major component of modern finance, including but not limited to investment consultants, investment advisers, discretionary asset managers, quantitative analysts, financial analysts, chief risk officers and chief finance officers.
Book details
- ISBN
- Book - 9781782720812 / eBook - 9781782721437
- Publish date
- 24 Dec 2013
- Format
- Paperback
- Size
- 155mm x 235mm
Editor biography
Clarke Pitts
Clarke Pitts worked for Salomon Brothers for seven years in London and New York, followed by Barclays in New York and Tokyo for two years and JP Morgan in Tokyo and London for eight years. His main areas of responsibilities were equities, convertibles and equity derivative trading. Clarke attended the London School of Economics and is currently based in London where he runs a small specialist fund for a group of former colleagues.
Table of contents
Foreword: Gillian Tett
Section I: Evolution and History
Chapter 1: What are Structured Products?
Clarke Pitts
Chapter 2: History and Evolution: What Happened and Why?
Clarke Pitts
Section II: Idiosyncrasies of the Markets
Chapter 3: The UK Market
Christopher Taylor (The Investment Bridge)
Chapter 4: Europe: An Overview
Simon Harris (Mu Capital)
Chapter 5: The Market in Asia
Angel Wu (ABN AMRO Bank)
Chapter 6: Japan: Part 1
Hiroshi Wakutsu and Toru Sano (Enzo Co., Ltd)
Chapter 7: Japan: Part 2
Hiroshi Wakutsu and Toru Sano (Enzo Co., Ltd)
Chapter 8: A History of the US Structured Products Industry
Scott Mitchell and Daniel Roose (JP Morgan)
Section III: Problems and Remedies
Chapter 9: A Regulatory Perspective
Jeremy Jennings-Mares (Morrison & Foerster)
Chapter 10: Risk and Modelling
Clarke Pitts
Customer Reviews
