Structured products have survived many different market cycles

One of the main aspects highlighted across quarters is the robustness of the balance sheets of the main manufacturers and the lessons learnt from the global financial crisis. Another is the regulatory environment which has addressed the ‘hit and run’ culture. It has also left little room for losses related to compensation and redress for mis-selling with new disclosure requirements at the point of sale to the target market, and stringent internal controls for product manufacturers. “After Lehm