Derivatives house, interest rate derivatives, credit derivatives house and energy/commodity derivatives house of the year – Deutsche Bank

The Risk Awards 2003


The past year has been lousy for many derivatives dealers. Counterparty credit risk problems have sucked the margin out of many vanilla products, while growing cynicism among investors and corporate end-users – and their shareholders and regulators – have made structured deals a harder sell. The result has been an industry-wide erosion of top-line performance: despite interest rate notionals growing by $3 trillion in the third quarter, revenues from derivatives actually declined