Insights

Stories, insights and analysis of the major trends shaping structured products markets.

Latest Insights

Read the latest stories, insights and analysis of the major trends shaping structured products markets.

Regulation
ECB urges EU-wide oversight of large asset managers to reduce systemic blind spots
ECB urges EU-wide oversight of large asset managers to reduce systemic blind spots

The regulator is calling for increased oversight of the EU’s largest asset managers, highlighting risks from their size, concentration and cross-border reach.

Market
Vontobel SIS unit drives steady growth despite market pressure
Vontobel SIS unit drives steady growth despite market pressure

Swiss investment bank Vontobel has reported a steady financial performance with the structured products franchise emerging as one of the most consistent contributors to revenue growth and operating resilience.

Market
Indexed products bolster annuity earnings in 2025 - Equitable, Corebridge and Lincoln
Indexed products bolster annuity earnings in 2025 - Equitable, Corebridge and Lincoln

We review the earnings performance at the three major insurance carriers with a focus on their indexed annuity businesses in the US.

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Industry Insights

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Stay on top of the latest structured product market developments and trends with all major product, technology, legal and industry insights in one place.

People

See key hires and staffing changes.

People
Citadel Securities taps Morgan Stanley Apac EQD head

10 February 2026

Citadel Securities taps Morgan Stanley Apac EQD head

The equity derivatives veteran is set to join the US market maker to lead on the structured products front.

People
People: Salt promotes head of structuring and QIS

06 Feb 2026

People: Salt promotes head of structuring and QIS

Also: BNPP taps Nomura EQD sales veteran in Asia; Deutsche Bank Private Bank adds new director to the investment management team to cover North Asia.

People
21Shares appoints Stephen Coltman as head of macro

03 Feb 2026

21Shares appoints Stephen Coltman as head of macro

21Shares has added a senior macro specialist to its investment team as it continues to build out active portfolio management for its crypto exchange-traded product (ETP) business.

People
People: Leonteq veteran steps down as co-head partner shifts to buy side

28 Jan 2026

People: Leonteq veteran steps down as co-head partner shifts to buy side

Also, BCGE bolsters structured products business; Raffles hires new MD for relationship management; France’s Inter Invest hires director of partnerships; and Goldman expands AWM franchise.

People
Cboe beefs up top deck with exec appointments

28 Jan 2026

Cboe beefs up top deck with exec appointments

While Scott Johnston has been appointed as executive vice president and chief operating officer, Heidi Fischer has been made the executive vice president, global head of equities and spot markets.

Products

An in-depth review of the latest product launches.

Products
Product wrap: Goldman EMU multi-sector play, VLK triple Dutch cash bonanza

13 February 2026

Product wrap: Goldman EMU multi-sector play, VLK triple Dutch cash bonanza

In this week’s wrap, we look at a selection of structured products with strike dates between 8-14 February 2026.

Products
Spotlight on… Apac asset class and underlying sector trends in 2025

13 Feb 2026

Spotlight on… Apac asset class and underlying sector trends in 2025

Worst-of-stocks and single stocks are favoured by Asian investors driven by the tech sector.

Products
Limra: Rila sales surge 20% as FIAs hit $128bn in 2025

13 Feb 2026

Limra: Rila sales surge 20% as FIAs hit $128bn in 2025

The US indexed annuity market has posted total US$208 billion in sales for 2025, up 9.1% from the previous record level.

Products
Perpetuals.com debuts regulated derivative product

12 Feb 2026

Perpetuals.com debuts regulated derivative product

The product aims to be a regulated alternative to the perpetual futures and contracts for difference (CFD) markets, which face constant regulatory scrutiny.

Products
Dutch manager targets AI upside with capital preservation

11 Feb 2026

Dutch manager targets AI upside with capital preservation

For its latest public offer, VLK moved away from traditional benchmark indices with the launch of a note linked to a basket of 14 stocks.

Regulation

Updates and commentary on evolving market regulation.

Regulation
ECB urges EU-wide oversight of large asset managers to reduce systemic blind spots

16 February 2026

ECB urges EU-wide oversight of large asset managers to reduce systemic blind spots

The regulator is calling for increased oversight of the EU’s largest asset managers, highlighting risks from their size, concentration and cross-border reach.

Regulation
Korean regulator slashes penalties on banks over ELS irregularities

5h

Korean regulator slashes penalties on banks over ELS irregularities

The final surcharge amount is about 15% lower than the FSS had pre-notified.

Regulation
Taiwan regulator loosens structured notes targets for securities houses’ overseas entities

11 Feb 2026

Taiwan regulator loosens structured notes targets for securities houses’ overseas entities

The regulatory proposal adds professional investors and entities as additional sales channels for the products issued by securities firms’ overseas subsidiaries.

Regulation
SFC launches framework for leveraged crypto trading

11 Feb 2026

SFC launches framework for leveraged crypto trading

The Hong Kong regulator has unveiled new measures to boost liquidity and product diversity in the country’s digital assets market with the aim of deepening trading activity while maintaining strong investor safeguards.

Regulation
Leonteq taps ActiveViam's analytics platform for risk reporting

11 Feb 2026

Leonteq taps ActiveViam's analytics platform for risk reporting

Leonteq has selected ActiveViam’s risk analytics platform to support its regulatory reporting under the Fundamental Review of the Trading Book (FRTB).

Technology

Discover technological advances in the industry.

Technology
Derivative Path, CloudMargin tie-up for collateral and derivatives integration

12 February 2026

Derivative Path, CloudMargin tie-up for collateral and derivatives integration

The partnership is aimed at enabling easy integration between Derivative Path’s DerivativeEDGE platform and CloudMargin’s collateral management platform.

Technology
TP ICAP debuts electronic secondary market for US structured products

11 Feb 2026

TP ICAP debuts electronic secondary market for US structured products

The British company has rolled out an electronic alternative trading system (ATS) in the US, a first for the structured notes market.

Technology
WTW upgrades RiskAgility models with VM 22 capability

11 Feb 2026

WTW upgrades RiskAgility models with VM 22 capability

WTW has released a new version of its US Library models within RiskAgility Financial Modeler, adding full support for VM-22 requirements for life insurers.

Technology
Allianz brings FIA to Ensight for custom illustration

10 Feb 2026

Allianz brings FIA to Ensight for custom illustration

Allianz's fixed index annuity (FIA) line-up is now available on the Ensight digital platform, allowing users to create interactive presentations for clients.

Technology
AI now embedded across French financial markets: AMF

09 Feb 2026

AI now embedded across French financial markets: AMF

The regulator highlights widespread use of off-the-shelf systems and growing concerns over governance and data protection.

Market

Key industry events and change drivers.

Market
Vontobel SIS unit drives steady growth despite market pressure

16 February 2026

Vontobel SIS unit drives steady growth despite market pressure

Swiss investment bank Vontobel has reported a steady financial performance with the structured products franchise emerging as one of the most consistent contributors to revenue growth and operating resilience.

Market
Indexed products bolster annuity earnings in 2025 - Equitable, Corebridge and Lincoln

3h

Indexed products bolster annuity earnings in 2025 - Equitable, Corebridge and Lincoln

We review the earnings performance at the three major insurance carriers with a focus on their indexed annuity businesses in the US.

Market
SRP in brief: time flies

3h

SRP in brief: time flies

SRP’s news desk reviews the most read stories from last week.

Market
CoinShares taps Nordea to offer ETPs in Nordic region

5h

CoinShares taps Nordea to offer ETPs in Nordic region

The move reflects the broader trend of major European banking institutions integrating crypto products into their retail offerings, driven by regulatory clarity.

Market
SBI Holdings to acquire Coinhako Group

5h

SBI Holdings to acquire Coinhako Group

As part of the transaction, SBI Holdings will provide investment capital to Coinhako as well as acquire shares in the firm from several existing shareholders.

Data Insights

View Data Insights )

Leverage SRP’s data analysis, backed by the world’s structured product database, for an in-depth view of the market’s key trends and dynamics.

Market Reviews

An in-depth view of market activity in some of the world’s most dynamic markets.

Market Reviews
Thailand Q4 2025: Kiatnakin Phatra claims top spot as sales surge 40%

11 February 2026

Thailand Q4 2025: Kiatnakin Phatra claims top spot as sales surge 40%

Single stock- and benchmark index-linked notes record rising volumes.

Market Reviews
Czech Republic Q4 2025: Natixis returns as market shifts to riskier products

09 Feb 2026

Czech Republic Q4 2025: Natixis returns as market shifts to riskier products

The French bank made its first appearance on the SRP Czech database in almost nine years.

Market Reviews
US December 2025: single shares gain momentum, Barclays slips out of top five

04 Feb 2026

US December 2025: single shares gain momentum, Barclays slips out of top five

Investors edged further into capital-at-risk products throughout the year with vanilla callable fixed-rate note sales saw a 14% jump.

Market Reviews
Hungary 2025: SG dominates, boosted by FX and ETF index

30 Jan 2026

Hungary 2025: SG dominates, boosted by FX and ETF index

The French bank captured 60% of the Hungarian market, according to SRP data.

Market Reviews
China December 2025: retail structured deposits keep momentum

29 Jan 2026

China December 2025: retail structured deposits keep momentum

The structured deposit issuance maintained the momentum towards the end of 2025

Analysis

Explore key market themes backed by SRP’s proprietary analysis.

Analysis
Fugit: measuring early exit risk in structured products

12 February 2026

Fugit: measuring early exit risk in structured products

This seventh article takes a detailed look at the lesser known risk measure Fugit, a Latin term rather than a Greek one, but closely linked to the standard Greek measures.

Analysis
Markets on edge: the volatility you can’t see

09 Feb 2026

Markets on edge: the volatility you can’t see

Volatility spikes and record issuance are turning structured products into a central driver of market dynamics.

Analysis
Greeks analysis: deeper sensitivities in FTSE 100 and Nikkei 225 structures

04 Feb 2026

Greeks analysis: deeper sensitivities in FTSE 100 and Nikkei 225 structures

Second-order Greeks come under the spotlight as we look at Theta, Vanna and Charm exposures across FTSE 100 and Nikkei 225 structures.

Analysis
Greeks analysis: FTSE 100 v Nikkei 225

07 Jan 2026

Greeks analysis: FTSE 100 v Nikkei 225

We look at key Greeks metrics across the FTSE 100 and Nikkei 225 to reveal differences in volatility, delta exposure and risk dynamics.

Analysis
Greeks: beyond the unknown future volatility

19 Dec 2025

Greeks: beyond the unknown future volatility

How fat tails, volatility surfaces and exotic payoffs reshape option pricing

Special Reports

Our special reports provide in-depth analysis and actionable insights on emerging trends and market dynamics. Each report is meticulously researched, offering valuable perspectives that help you stay informed with access to exclusive data and expert commentary.

Structured for Volatility: Global Market Sentiment Survey 2025/2026
Structured for Volatility: Global Market Sentiment Survey 2025/2026

197 structured product professionals, 26 countries, 14 expert interviews.
This first-of-its-kind global survey, in partnership with LPA, combines qualitative and quantitative data to provide a benchmark outlook for 2025 and beyond.

SRP Index Report 2025: Custom & Strategy Indices
SRP Index Report 2025: Custom & Strategy Indices

In the third chapter of the SRP 2025 Index report, we look at the landscape involving custom and proprietary indices between 2022-2024

France Structured Products Performance Overview 2024
France Structured Products Performance Overview 2024

The SRP France Structured Products Performance Overview 2024 analyses the performance of structured investment solutions in the French market during 2024.