Opportunities to sell products to investors, touting particular risk-averse structures, could even help the nascent market gain a stronger foothold in the US. That was the message from speakers at US trade body the Structured Products Association’s (SPA) autumn expo in New York, which took place on October 2.
"There is a lot of optimism because this is a sector of the market that has held up relatively well compared with other sectors in the US," says Anna Pinedo, a partner with law firm Morrison & Foerster, which provides legal counsel to structured note issuers. Pinedo was a panellist at the conference.
Opening the conference, Keith Styrcula, New York-based chairman of the SPA, said the collapse of Lehman and the domino restructuring of US banks that followed was a big disruption for...
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