The race is to the swift

8 February 2010 | 3 minutes read

Accumulators are quietly coming back to the market, albeit in a thoroughly commoditised fashion. As regulators cast a baleful eye on public issuance of the product – due to mass losses on the instrument during the crisis – the instrument is increasingly going down the private-placements route to professional investors. Unlike retail investors, private-banking clients will ask for multiple quotes…

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