Deutsche Bank has won Risk magazine's derivatives house of the year award for 2011. The firm took the top prize after re-shaping its business over the past 18 months to focus on clients, and positioning itself for forthcoming regulatory change.
Deutsche is one of perhaps three or four banks at the vanguard of efforts to prepare for central clearing, having set up a centralised clearing platform for over-the-counter derivatives. It has also looked to alter the whole focus of its business over the
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