House of the year
Banks nominating themselves for Asia Risk's Asia-ex Japan, Japan and regional house of the year awards should be strong in at least three asset classes. Case studies supporting how the bank has met client needs are very important. Equal weight will be placed on examples relating to risk management and structuring of investment products. Evidence to back up claims, in the form of client references, will be vital to success - what your clients say about you is one of the most important parts of the process.
Asset class house of the year
The criteria for the individual asset class awards is the same as for the house awards mentioned above, except this time, market leading structuring and risk management will be judged at product level.
To reflect the growing importance of risk solutions work, this category will spotlight individual client engagements. Pitching banks should present a case study that highlights creativity, teamwork and a good outcome for the client - the resulting risks must be shown to have been managed appropriately
This award recognises achievement of an institution's risk management function. Applicants should outline risk management processes, policies and systems, and describe any improvements made to the risk function over the past 12 months. Of particular importance is how the risk management function performed during any particular episodes of volatility or market turbulence that was witnessed.
This category is open to any asset manager or other buy-side firm that can demonstrate innovation within the alternative investment space, including but not limited to the use of smart beta. Points will be awarded for product innovation that is supported by robust risk management practices. The judges will also look at how satisfactorily the product offering addresses the needs of the market, or tackles particular challenges that clients are facing.
The Asia Quant House of the Year award will go to the financial institution that has proposed the most innovative and efficient quantitative solution in Asia. Both buy-side and sell-side quantitative models are eligible, as long as they are currently applied within the pitching financial institution or its clients. Models may pertain to any area of quantitative finance.
Entries should be in the format of a scientific paper or a presentation and need to be sufficiently detailed for the judging panel to evaluate the merit of the proposed method. It is advisable to include numerical applications or case studies to support the validity of the solution. Where applicable, clients will be consulted.
This section of the awards recognises best practice in providing services to banks and other financial institutions in relation to derivatives and risk management. Submissions should focus on case studies that demonstrate innovation and volume of business conducted in the last 12 months.
Country house of the year
The individual house awards are looking for best practice in both risk management and derivatives use. For advanced economies, such as Australia and Singapore, or those with burgeoning derivatives markets such as South Korea and Malaysia, winners will be required to demonstrate an ability to manage complex structures. For the other countries it is more likely that risk management will be the differentiator between houses: how have firms dealt with liquidity and credit risk management requirements, for example? For both groups demonstrating a firm understanding of counterparty credit risk - such as the implementation of CVA throughout the business - will be beneficial.