Clearing Bank of the Year – Citi

Thomas Treadwell, Citi

Citi cemented its first-mover advantage in the cleared derivatives arena by enhancing its offering to ensure clients receive a tailored service.

Born from a Group of 20 commitment to regulate the derivatives industry and mitigate systemic risk, over-the-counter derivatives clearing started in earnest this year as dealers and buy-side firms in the US were mandated under the Dodd-Frank Act to clear their trades.

Their counterpart institutions in Asia are clearing some trades at international clear