Is it time to stop the sniping on structured products?

The structured product industry has been through a difficult few years in the UK. We all know about (and have had to deal with) the weakness of product documentation and issues around the disclosure and subsequent default of counterparties. There has been a healthy reaction to these difficulties and now we are seeing healthy new growth. However, an egregious but recent comment that does not stand up to scrutiny was made by TISA Director General Tony Vine-Lott and is as follows: “Our report reveals a growing concern that the ISA brand is under threat and could be undermined by the potenti...