Credit Derivatives House: Citigroup
This time it’s different
For an asset class scarred by the financial crisis, 2017 proved to be a pivotal year as banks that had previously given up the credit derivatives ghost piled back in. For retaining its dominant position in flow, decontaminating the once-ignominious synthetic CDO and embracing the shift to passive investing, Citigroup is IFR’s Credit Derivatives House of the Year.