Lifetime achievement award: Wilson Ervin
After helping Credit Suisse through the crisis without state support, Wilson Ervin stepped down as chief risk officer. Since then, he has spent his time looking for a way out of the too-big-to-fail problem - and regulators think he has found it
The aftermath of the financial crisis has been a boom time for ideas, but most of those that have got anywhere have been small – incremental changes or refinements. Wilson Ervin, New York-based vice-chairman of Credit Suisse, is behind one of the few big ideas to have taken root – bail-in – the notion that a major bank collapse could be resolved by forcing losses onto its bondholders.
It still
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Awards
Collateral management and optimisation product of the year: CloudMargin
Delivering the modern blueprint for enterprise collateral resilience
Flow market-maker of the year: Citadel Securities
Risk Awards 2026: No financing; no long-dated swaps? “No distractions,” says Esposito
Pricing and analytics: fixed income – Quantifi
Quantifi delivers high-performance, transparent and adaptable pricing and risk analytics for fixed income and credit markets
Derivatives house of the year: Citi
Risk Awards 2026: Rev up, RWAs down, as US bank gets back on track (with added XiNG and XiP)
Technology vendor of the year: SS&C Algorithmics
Risk Awards 2026: From cloud, to chips, to maths tricks – vendor getting more out of existing tech
SS&C Algorithmics: winner’s interview with Curt Burmeister
SS&C Algorithmics wins three categories in this year’s Markets Technology Awards in addition to Technology vendor of the year at the Risk Awards
Best vendor for system support and implementation: Murex
Murex wins Best vendor for system support and implementation at the Markets Technology Awards 2026
Pricing and analytics: cross-asset and structured – Murex
Murex wins Pricing and analytics: cross-asset and structured at the Markets Technology Awards 2026 thanks to its MX.3 platform
