Morgan Stanley
Battle formations
Major Chinese entities and international banks are steeling themselves for a protracted battle on multiple fronts related to the use of over-the-counter derivatives. The confrontation is killing business and preventing some Chinese entities from hedging…
Autocalling China
Morgan Stanley has produced a two-year autocallable linked to the iShares FTSE/Xinhua China 25 Index Fund with a 10% buffer. Increases above the target level are not passed onto the investor
Market snapshot
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month
Morgan Stanley turns bullish on Asia exposure with four new ETFs
Morgan Stanley has unveiled a new play on Asian equity exposure in the US, a US$5million deal that links to an equally weighted basket of four exchange-traded funds (ETFs).
US Wrap: Morgan Stanley offers Asian ETF exposure
The US market has adopted a new twist, and it is nothing to do with reverse convertibles. Morgan Stanley has launched a new product linked to the performance of Asian exchange-traded funds (ETFs). The product incorporates exposure to four Asian regions:…
Structured products preferred by advisers, says Morgan Stanley survey
Structured products have come top of the list of investment products financial advisers would recommend to their clients, according to a new survey by Morgan Stanley. Structured plans leapt two places from the bank's last survey in December 2008,…
Movers & shakers
As part of our 15th Anniversary, Energy Risk rounds up 15 of the most influential and innovative companies currently active in the traded energy markets and profiles their achievements
European banks report modest Q2, despite increased provisioning
Top Spanish, German and Swiss banks have reported modest gains in the second quarter, although their profits have been constrained by an increase in non-performing loans and loan loss provisioning.
Doubt over Fed’s ability to limit systemic risk
The Obama administration’s proposals for safeguarding the financial system place the US Federal Reserve at the heart of a new regulatory regime for systemic risk, but some former regulators are sceptical of the Fed’s ability to carry out the job.
Morgan Stanley CDO repack designed to test investor appetite
Morgan Stanley's offering of a repackaged cash collateralised debt obligation (CDO) is designed to test market appetite for this type of risk, said a source familiar with the deal.
CMBS re-Remics could make Talf obsolete
A wave of downgrades to highly rated commercial mortgage-backed securities (CMBS) is threatening plans by the US Federal Reserve to rehabilitate the market for existing deals. But a recent trend towards restructuring the transactions could render the…
The KIS of life?
Keydata Investment Services was placed into a speedy administration by the UK's Financial Services Authority on June 8 on the grounds of insolvency. All new business was suspended and a temporary suspension of payments on policies was imposed by the UK…
Commercial property plays
Morgan Stanley surprised many people in July 2008 when it plumped for a commercial property-based product. With lower volatility than was on offer from the FTSE 100, it made for a relatively generous offer of returns that took 65% of the starting level…