A group of senior industry experts offered their views on the risk dynamics in the structured products market brought by autocallable structures on the first day of the SRP Europe Conference 2023 in London.
The shift in demand from autocallables to capital protected products has been a trend in Europe’s markets throughout 2020. Although autocalls remain the best-selling payoff type across Europe, in some markets there has been a “noticeable demand shift from autocall to capital-protected products like zero coupon bond plus a call option due to the equity collapse as a result of the Russia-Ukraine war and the interest rate spikes”, according to Roberto Romeo ( pictured ), managing