Broker of the year: Evolution Markets
New York-based environmental broker benefits from expansion into energy markets
In 2012, the challenges of focusing on the emissions market hit home for Evolution Markets. On August 21 that year, the US Court of Appeals for the District of Columbia overturned the Cross-State Air Pollution Rule (CSAPR) – a rule that would have required US states to set up cap-and-trade schemes for controlling power plant emissions. The US Environmental Protection Agency (EPA) had been working to implement the rule since the Clean Air Interstate Rule was rejected by the same court in 2008
More on Risk management
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Past disasters can prove the value of energy risk management
Analysing failures and losses at energy firms can underscore the value of consistent, high-quality risk management
How quants shaped the modern energy markets
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
Interview: Vince Kaminski
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
