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Risk manager of the year – Mark Ritter, UBS Warburg

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The leading derivatives dealers – the purveyors of and cheerleaders for credit risk management tools – were not good advertisements for their wares last year. Firm after firm announced skyrocketing credit loss provisions as the liberal telecom, energy, cable and emerging market lending policies of the late 1990s and dicey counterparty credit risk practices came home to roost. A grim parade of

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