2019 Guidelines & Criteria
One word sums up current global markets: “Uncertainty”. Stocks are holding near record highs and the riskiest corporate bonds are rallying, which is typically read as an indicator of synchronised global growth. But other signals are pointing in the opposite direction. Investors in the currency market are flocking to dollar, yen and Swiss franc—haven assets—that normally outperform when the outlook is worsening, not improving. And more and more central banks are expressing concern about the global economic outlook and slower inflation, and market is pricing in the likelihood of a Fed rate cut later this year. In the region, South Korea, traditionally a bellwether for global trade and technology, has exacerbated slowdown fears by reporting the biggest economic contraction in a decade and there are fears China may pull back from economic stimulus.
These conditions are a perfect cocktail for institutions to come up with innovative product strategies. We are hoping to see the clever ideas structurers have been deploying to capitalise on the current market and empower clients. Emerging markets are facing the brunt of the looming slowdown. Election outcomes in India and Indonesia can make or break investor appetite and it is never easy to time strategies. We will look for the solutions that your firm has come up with to ease the pressure on clients.
And then of course, there is China. The world’s second largest economy has the most at stake over the next few years as it attempts to deleverage, enhance regulatory coordination and continue to internationalise its markets. Don’t forget to highlight your solutions and products that provide access to China as it continues to internationalise its markets.
What the judges are looking for:
These awards are decided by the editors and journalists of Risk.net and Asia Risk magazine.
The judging process is split into three parts:
- Submission of pitch documents
- Off-the-record meetings
- Due diligence on shortlisted candidates, including client calls
There's no minimum or maximum length for the submissions (pitches can be as short as two pages, or as long as twenty). There's also no set structure or format - it is an opportunity for you to tell us why you deserve to win. Most pitching firms will be asked to set aside time for an off-the-record meeting, which plays a far bigger part in determining the eventual winners.
We are looking for innovation and creativity from applicants, in how you address the challenges you face in trading and risk management, and in how you address the challenges facing your clients.
Submissions should include case studies and examples of best practice or key deals.
Key judging criteria:
- Innovation: looking beyond the ordinary in approaching existing or new business opportunities.
- Risk management: a clear demonstration of the sound risk management practices that lie beyond the innovation.
- Client references and feedback: how well innovations meet client needs, including satisfaction of customer service.
- Cross-asset structuring: mobilisation of the global markets business to move beyond a single asset class.
How does the awards process work?
Submissions are now open and will close on May 31. The editorial team will then make a shortlist of the top two or three candidates in each category to interview.
A second round of interviews, encompassing client references, will follow before the winners are announced in September.
The awards ceremony will take place in Singapore on September 11.
What should submissions contain?
Include case studies that demonstrate your structuring and hedging capabilities over the last 12 months. Please make sure both aspects feature – submissions based purely around structured investment products or just market share will be at a disadvantage.
The awards will look at activity conducted over the last 12 months.