UK structured products body launched

LONDON – A total of eight structured products providers have signed up to create the UK Structured Products Association (UK SPA), a formal trade association for the industry. The group counts six major providers among its members: Royal Bank of Scotland, Citi, Santander, Credit Suisse, Morgan Stanley, Skandia, Legal & General and Prudential.

The confirmation of the line-up comes after weeks of speculation over which institutions would be included, and months of behind-the-scenes negotiations

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