An anatomy of financial and energy market bubbles
"Those who cannot remember the past are condemned to repeat it."1 I have to confess I squirm whenever I hear these words from Spanish-American philosopher, George Santayana. Endless repetitions have transformed a statement of profound wisdom into a worn-out platitude.
There is also something much worse than forgetting the past. It is remembering the history and being forced to live it over and over again, like the main character in the movie Groundhog Day. In my long years in the financial and
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The business models of today’s utility firms are built on quantitative analysis, but the introduction of these techniques in the 1990s was far from smooth
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Market veteran Vince Kaminski discusses the biggest risks to energy firms today and whether risk teams can ever prove their value
Mounting risk prompts refocus on integrated energy risk management
Energy firms are facing heightened risk due to shifting geopolitics, climate change and the energy transition. As market, credit and enterprise risks ramp up, the need for improved integrated risk management is growing, say risk managers
Energy supply chains seen as a growing risk
Supply chain risk is now a major concern, with some firms even viewing it as an existential threat, survey finds
Can behavioural science curb rogue traders… and compliance costs?
Instead of using surveillance to catch endless bad apples, experts urge banks to clean the barrel
Former regulator urges new approach to AI explainability
Ex-OCC chief Michael Hsu suggests shift from academic analysis to decision-based techniques
