Risk magazine
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
Risk awards 2014: The winners
Derivatives users had a lot on their plate last year with the rollout of new Dodd-Frank rules on clearing, reporting and trading. Firms have had to adapt to the new reality – and some have been more successful than others. This year’s Risk awards…
In-house system of the year: Royal Bank of Scotland
A 30-fold increase in its computing grid, enabling coverage of 90% of the bank's derivatives business - a two-year overhaul of the counterparty risk framework at Royal Bank of Scotland wins this year's in-house system award
Vague Volcker causes confusion
Vague Volcker bemuses
In depth: Has the US succeeded in its OTC reforms?
The bulk of the Dodd-Frank reforms were implemented last year. Now it is Europe's turn. Is there anything Europe can learn from across the Atlantic?
Progress and peril: Dodd, Maijoor, Pirrong and more on the G-20 reforms
Last year was a landmark for the derivatives reforms laid out by the Group of 20 nations in 2009, with clearing, trading and reporting rules all coming online in the US. But it was also just the start of efforts to co-ordinate and align the rules…
CFTC cross-border guidance 'has the feel of a rule', lawyers agree
A rule by any other name
Not too big to fail: Has US crossed bank resolution Rubicon?
Not too big to fail?
Pension funds call for clearing exemption extension
Funds cite inability to post non-cash variation margin as grounds for further relief
The white elephant of the trading book review
The Basel Committee’s fundamental review of the trading book raises some serious issues, but David Rowe argues its central proposed revision to the market risk capital regime is little more than a costly distraction
People: Brevan Howard hires HSBC’s forex derivatives chief
Vincent Craignou moves to Brevan Howard, Gavin Wells takes responsibility for CDSClear, and Thomas Poppensieker takes Deutsche risk role
Cutting Edge introduction: another FVA?
Including funding costs and benefits in derivatives prices is a controversial topic, closely tied up with the credit and debit valuation adjustments of counterparty risk. But new research suggests that, even with no default risk, differences in the…
Latest developments in commodities trading systems
Sponsored video Q&A: OpenLink
EBA: Common credit risk definitions vital
European regulators have overhauled bank reporting standards to ensure comparability, with new Finrep and Corep templates to be rolled out from this month. The latest step has been to agree common definitions for forborne and non-performing exposures…
Too early to declare victory on TBTF?
Too early for TBTF call