Risk management system of the year (vendor): Markit Group

Capital and funding efficiency is a new discipline for derivatives desks, and there is a shortage of comprehensive systems - so Lloyds Banking Group teamed up with Markit to build one

Paul Jones

There’s a simple way to explain how the derivatives market has changed in recent years: the business consumes more capital and funding at a time when the costs of those resources has increased. Resource consumption is rising in large part because of new rules on counterparty risk – the Basel III charge for credit valuation adjustment (CVA) drives up capital requirements, while the mandatory use of