Feature
Credit portfolio manager of the year: HSBC
HSBC has attempted to improve the accuracy of its credit portfolio economic capital forecasting by extending its model beyond a one-year horizon
Emerging markets dealer of the year: Standard Bank
Standard Bank is a big player in its home market, with good international ties - now, the idea is to use those strengths to support the development of sub-Saharan Africa
Credit derivatives house of the year: Credit Suisse
Credit derivatives house of the year: Credit Suisse
Equity derivatives house of the year: Morgan Stanley
Equity derivatives house of the year: Morgan Stanley
OTC trading platform of the year: Tradeweb
Two platforms appeared to take an early lead in the first few months of the Sef regime, but one – Tradeweb – won high praise from users for its responsiveness, customer services and technology
OTC infrastructure service of the year: eClerx
Collateral agreements are the foundation of the over-the-counter market. But, sometimes, those foundations are shaky
Currency derivatives house of the year: Bank of America Merrill Lynch
Currency derivatives house of the year: Bank of America Merrill Lynch
Exchange of the year: Ice
It took Ice six years to find a way into the interest rate futures market. Its arrival - via the $8.2 billion acquisition of NYSE Euronext - will intensify competition in over-the-counter derivatives clearing
Interest rate derivatives house of the year: Goldman Sachs
Interest rate derivatives house of the year: Goldman Sachs
Clearing house of the year: LCH.Clearnet
According to LCH.Clearnet Ltd's chief executive, what clearing houses do is akin to landing planes. Last year, the firm focused on keeping its safety record spotless
Law firm of the year: Davis Polk and Wardwell
Australian trading platform Yieldbroker was snared by the notorious footnote 88 last year. Its lawyers, Davis Polk, found the way out
Bank risk manager of the year: Deutsche Bank
Bank risk manager of the year: Deutsche Bank
Corporate risk manager of the year: Microsoft
The first US clearing mandates came into force last year in three separate phases. While most corporates looked to take advantage of the corporate hedging exemption, Microsoft decided right from the start to voluntarily clear everything
Sovereign of the year: Riksgälden
Sweden's national deficit forecast roughly trebled at the start of this year, after the central bank decided to boost its US dollar reserves. The Riksgälden publicly questioned the need for the money - but had to go through with the financing. This year…
Deal of the year: Arqiva/HSBC
Deal of the year: Arqiva/HSBC
Insurance risk manager of the year: Axa
Axa moved early to address lapse risk concerns – now a pressing issue for the French insurance sector – and has also been vocal on regulatory change
Hedge fund of the year: Chenavari Investment Managers
With around $1 billion deployed in capital relief trades and the same amount in direct lending, Chenavari has found a sweet spot for investors - but a danger area for regulators
Lifetime achievement award: Wilson Ervin
Lifetime achievement award: Wilson Ervin
Pension fund risk manager of the year: PKA
After moving to Eonia discount rates for its swaps in 2011, Denmark's PKA decided to make Eonia the benchmark for its hedge portfolio at the end of 2012. It's a smart move, dealers say - but one with some risks of its own
Quant of the year: Michael Pykhtin
The banking rulebook is becoming increasingly complex, so regulators need good quants to design and explain it - but they must also tackle the big questions of the crisis
Derivatives house of the year: HSBC
Derivatives house of the year: HSBC
Risk management system of the year (bank): Barclays
Hedge fund clients of Barclays can use the bank's own margin calculator to construct their portfolios - while the bank uses it to manage net counterparty exposures. Both sides benefit
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
Trading technology product of the year: Nasdaq OMX
Trading technology product of the year: Nasdaq OMX