Traders and politicians can learn from dead pilots
Trading portfolios are easily mishandled, as are Europe's economies
Crisis situations on a trading floor sometimes require split-second decisions based on instinct, intuition, guts or – in desperation – a flip of a coin. Such decisions are often wrong. This is why talented traders spend weeks and months thinking through different outcomes, estimating probabilities, brainstorming with their associates, plotting exit strategies and building risk management systems. Bad traders respond to market shock with a hail of haphazard transactions, incoherent tactical
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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
