“There is not enough liquidity in the Vstoxx to fully hedge the portfolio of large institutional clients, even if partial hedges are possible, but there is enough liquidity to start looking at private banking products.”
“There is not enough liquidity in the Vstoxx to fully hedge the portfolio of large institutional clients, even if partial hedges are possible, but there is enough liquidity to start looking at private banking products.”
—Eric Bensoussan European head of equities structuring at UBS in London, on how there is now enough liquidity to structure private banking structured products on the Vstoxx.
Social bonds have become an established part of the funding market for supranational, sovereign and agency borrowers, with a steady output of about €140bn a year from all kinds of issuer, since the exceptional surge during the pandemic.