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TP ICAP forged ahead with the expansion of its data and analytics offering in 2019, outperforming the market as it rolled out a broader suite of products.

BNP Paribas went from strength to strength in 2020 by upping the pace of its digitalisation and expanding its client base.

Few firms possess the breadth of derivatives product expertise that Mayer Brown has, and it stands out for its global reach and leading practices on both sides of the Atlantic.

For its work in helping clients across Europe navigate a raft of regulations — from Brexit to Ibor transition and initial margin reporting — Clifford Chance is GlobalCapital’s European Law Firm of the Year for regulatory work.

With its data, technology and expertise across asset classes, IHS Markit has developed its offering to adapt to new regulations and help clients fulfil their reporting and compliance obligations.

Playing to its strengths as a top trading house across both flow market making and structured products, Nomura stands out for its consistency, global offering and appetite for risk taking.

In January, Singapore Exchange (SGX) found itself centre stage when the Covid-19 pandemic began to flare up in China. With some Asian markets closed for Chinese New Year, investors dashed to it. “SGX was the only market open for China-proxy risk management and we saw impact across our derivatives shelf,” said Michael Syn, senior managing director at SGX.

Credit Suisse has harnessed its strength in structured products to deliver innovative solutions for its private banking and institutional clients in a collaborative fashion.

The recent high profile spurt of sustainability-linked bonds, including deals from Brazil’s Suzano, Switzerland’s Novartis and, coming this week, France’s Chanel, is a sharp change, after this structure — where the coupons are linked to sustainability performance targets — has made a surprisingly quiet and disappointing start to life.

The European Central Bank is reportedly considering imbuing its regular Asset Purchase Programme with the powers reserved for its special Pandemic Emergency Purchase Programme. From the central bank's perspective it’s a tempting move, but it could tip the eurozone into full blown yield curve control and would certainly draw the ire and no doubt legal challenges from some in Germany.

The European Central Bank (ECB) would gain more autonomy under new proposals on how to improve bank capital rules.

The UK government’s sudden volte face this week about working from home may slow coronavirus infections but it betrayed a fundamental lack of strategic thinking and stability over the most pressing concerns. That should worry the City, which is in a fight for its future as a leading financial centre, as a result of Brexit.