FSA: Structured Credit, Not Prop Trading, Fueled Trading Losses

01 Mar 2010

Structured credit products chalked up the biggest chunk of trading losses for investment banks in the U.K. over the financial crisis—more than 70% of the total against 13% for prop trading and 3.46% for equity derivatives.

--Rob McGlinchey

Structured credit products chalked up the biggest chunk of trading losses for investment banks in the U.K. over the financial crisis—more than 70% of the total against 13% for prop trading and 3.46% for equity derivatives.

The analysis by the Financial Services Authority underscores why the U.K. ...

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