Growing pains or crisis? You decide

The structured products market in the UK has been punctuated by what critics would call crises and s...

The structured products market in the UK has been punctuated by what critics would call crises and supporters would call growing pains in the last five years. The latest event - the move into administration of Keydata - follows the misselling of precipice bonds at the turn of the decade and the collapse of the Eurolife group a few years later - just as the structured market looked as it was establishing a level of maturity. The precipice bonds misselling was largely an issue for Lloyds Banking Group, which paid significant compensation to its direct customers, and one firm of IFAs, the ...