Risk awards 2013: Credit Suisse wins top house

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Credit Suisse is Risk's derivatives house of the year – recognition for the bank's attempts to make its fixed-income division work under the Basel III capital and liquidity regime. That required the division's 80-plus ongoing businesses to shrink their inventories – in some cases, by as much as 60% – and to refocus on their role as intermediaries. So far, that has not hurt the division's performance – for the first nine months of 2012, revenues in fixed income were $1 billion higher than the sam

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