Free Trial

Global Investor Magazine Copying and distributing are prohibited without permission of the publisher

London Synthetic Finance Summit review

01 August 2011

The second Global Investor/isf Synthetic Finance Summit in London saw discussion of how synthetic products are adapting to new geographies and a changing regulatory environment

Read more: synthetic finance

The London Synthetic Finance Summit, hosted at Le Meridien Piccadilly on June 14 2010, started off with an introductory course designed for those new to the industry, hosted by Matthew Williams, synthetic sales, Bank of America Merrill Lynch. 

He explained the benefits of using leverage, where only a margin is needed, and that synthetic products provide access when stock loan is not available. He also emphasised that synthetics were easy to use (replicating a stock loan without custody and other agreements), brokers can pass on some of the benefit of exchange memberships and the fact that equity swaps are permitted with the UCITS framework. 

Nicholas Dunbar, editor, Risk Newsletter, Bloomberg followed by welcoming the attendees to the event with a keynote address.

The first major panel, moderated by Philippe Lopategui, head of equity delta one and financing prime services Europe, RBS Global Banking & Markets, discussed leveraging synthetic...