The Risk Awards are the longest-running and most prestigious awards for firms and individuals involved in the global derivatives markets and in risk management. We’re delighted to have received this accolade which recognises the depth and breadth of our extensive solutions capabilities.
“Several years ago we set out to create a content-led financing and solutions business utilising a cross-asset and cross-functional approach to solving client problems. It’s incredibly gratifying in such an active year for solutions to have been recognised by our clients and by Risk with this prestigious award,” commented Scott Satriano, Head of Financing & Risk Solutions.
Harsh Shah, Head of FI Origination & Solutions said, “Over the last few years we have consistently demonstrated our ability to innovate and be relevant to our financial institution and corporate clients. In particular we’ve been at the forefront of the Risk-Free Rate transition including structuring the first SONIA1 benchmark issuance for the European Investment Bank, leading the first consent solicitation to amend a LIBOR2 floating rate note to SONIA and developed tools such as the Realised Rate Calculator to calculate the compounded SONIA rate. In Southern Europe, we have helped our clients by financing a broad spectrum of assets ranging from credit card receivables, business loans, mortgages and NPLs3. We’ve also responded to the needs of our corporate clients by developing products such as the first Floating-Spot-Forward which allows clients to efficiently lock-in FX carry while leaving the spot element floating”.
Harsh added, “We’re thrilled that our hard work and focus on our clients has been recognised with this award win.”
NatWest Bank was also a winner at the Risk Awards 2020, picking up the Credit Portfolio Manager of the Year award – click here for further details.
Read more about our award win on the Risk.net website.
1SONIA – Sterling Overnight Interbank Average Rate
Sterling Overnight Index Average, abbreviated SONIA, is the effective overnight interest rate paid by banks for unsecured transactions in the British sterling market. It is used for overnight funding for trades that occur in off-hours and represents the depth of overnight business in the marketplace.
2London InterBank Offered Rate
The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.
3NPL stands for non-performing loan.