P&L Report Card
With the shackles being thrown off at so many institutions in terms of budget and resources, this is an interesting category. Historically this award has been about the late movers, however last year we changed tack a little to reflect where we think the big moves will come from, meaning even those institutions with all-singing-all-dancing platforms were contenders.
The development cycle’s length means it can be tricky to identify a mover in the succeeding 12 months and this can probably be used as an excuse for last year’s winner of this award, Bank of America Merrill Lynch, because the bank still seems to have some way to go. As noted, it is vital that the e-FX teams get budget if it is to continue to compete and build on what are some good, solid foundations.