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Trying to model reality

Credit Risk

The need to show that an internal credit risk model is consistent with the regulatoryapproach will eventually be a requirement in the energy sector, says Ben de Prisco,vice-president of financial engineering at Toronto-based risk management consultantsAlgorithmics.

Credit is the black hole of any enterprise. This has probably been the hardestlesson the energy industry has learnt over the past two years. But these days,credit risk is not just the risk of a counterparty default. It is the

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CRO interview: Brett Humphreys

Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register

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