Deutsches Risk Rankings 2012

Deutsche Bank weathers the storm


The precise details of the new regulatory environment may still be unclear, but the broad outline is unmistakable – and it does not look good for the over-the-counter (OTC) derivatives market. Standardised products will need to be centrally cleared, which will be difficult for market participants that are not used to posting initial and variation margin – but non-standard products will also need to be collateralised on a bilateral basis, probably at levels punitive enough to ince