Risk Awards 2008


This year's awards were among the most difficult Risk's editorial team have ever had to judge. Problems that started in the US subprime mortgage market swept across the credit market, causing mass downgrades in residential mortgage-backed securities and collateralised debt obligation (CDO) tranches, structured investment vehicles to blow up, and monoline insurers to stand on the brink of downgrades.

Investment banks racked up huge losses on subprime exposures and leveraged loan and CDO warehouse