New financial products, just as opaque and complex as those that brought
the world to the brink of economic meltdown, are back on the market.
There's no stopping them. And while it may seem ironic, financial
innovation is vital as a means of managing risk, insist the experts. The
latest batch of financial instruments also serves to lower costs for
investors. But what shape should financial product innovation take?
Should it be market-led innovation or based on centrally planned models?
The process of bringing these products to market also demands scrutiny.
However, rather than running scared, it seems the time has come to
explore innovative financial product trends with benefits.