Clearing saga threatens structured products
Citi’s London-based head of FX structuring for Europe, Michele Ghidoni, said the biggest challenge of the past year was helping clients approach structured products again with confidence, after the financial crisis hit in 2008.
“Uncertainty over the impact of regulation, such as the clearing requirement for swaps might, in principle, create hesitation on the part of clients to enter structured products,” said Ghidoni. “Such hesitation might be unwarranted as the requirement to clear appears not
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