OTC clearing service of the year: JP Morgan

Risk awards 2012

Dave Olsen

With 12 months to go until all standardised over-the-counter derivatives are due to be centrally cleared – a deadline set in 2009 by the Group of 20 nations – it’s still not obvious how, and even whether, the system will work. Some banks have thrown themselves into the melee and are trying to fix problems from the inside. Others, such as JP Morgan, are accused of being obstructive – slowing the process under the guise of risk management discipline.

The bank is happy to answer its critics: “We ar