Banks launch structured product network
A consortium of six global banks will target private banks with a network designed to boost price competition and transparency for structured products issued by different providers.
Six banks have set up a multi-issuer network for structured products in Asia with a view to boosting price competition and transparency in a market that has struggled to regain traction since the 2008 financial crisis.
The consortium – comprising Barclays, BNP Paribas, Goldman Sachs, HSBC, JP Morgan and Societe Generale – launched the multi-issuer network yesterday.
Contineo, the newly established company running the network, will now seek to sign up private banks and encourage…
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