‘Markets love volatility,’ said Christine Lagarde, the managing director of the International Monetary Fund, in 2011. While she was referring specifically to the tough times the eurozone went through post- financial crisis, her statement also rings true in a wider international context
Twenty-eighteen finished with a bang in the global structured products market, not least in Asia, where the year ended with mass share sell-offs on the back of the autocallable debacle, which affected a number of banks in the region. Add to this global economic uncertainty prompted by the never-ending sagas that are the US-China trade discussion, Brexit, the constant search for yield, the recessionary risk facing many markets and slowing national growth in China, and you can start to build a cle
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