Risk awards 2014: HSBC wins top house
The UK bank wins for the growing ambition of its OTC capabilities, as Risk publishes its fifteenth annual awards
HSBC is Risk's derivatives house of the year in recognition of the breadth and ambition of its over-the-counter capabilities in 2013 – from the big options trades that reveal growing traction with hedge funds, to its key role in the complex restructuring of underwater hedges at UK telecoms company Arqiva.
In a year where some competitors' markets businesses posted losses, HSBC's Global Banking & Markets (GB&M) division recorded before-tax profits of $7.6 billion as of the third quarter – putting
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