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 recognise those that have made the most progress. By Lukas Becker, Matt Cameron, Laurie Carver, Clive Davidson, Kris Devasabai, Peter Madigan, Fiona Maxwell, Tom Osborn, Joe Rennison, Cécile Sourbes and Duncan Wood

Many US derivatives users were very much looking forward to the September 2 Labor Day holiday. The previous few months had been a blur of activity as the first US clearing mandates came into force, starting with the largest swap dealers in March and followed by the deadline many were concerned about – clearing for large end-users on June 10. Aside from a few technical glitches, those first mandates went relatively smoothly. Another deadline was looming on September 9 for smaller, less-frequent