Risk management
Liquidity seen as top concern for energy risk managers
Falling over-the-counter energy volumes in Europe and the US push liquidity to top of risk management agenda
Applied risk management series: Integrating stress tests with risk management
Stress testing is a vital part of successful risk management, but risk managers at energy trading firms frequently face obstacles in designing and implementing successful stress testing programmes. In this article, Carlos Blanco provides some advice on…
Liquidity forces energy firms to get creative with risk management
In some corners of the over-the-counter energy market, liquidity has become increasingly thin during the past few years. As a result, firms need to think more creatively about how they handle liquidity, say risk managers. Stella Farrington reports
An exclusive look at Commodity Investing and Trading
A new book, Commodity Investing and Trading, is now on sale from Risk Books. Energy Risk provides an exclusive preview
Energy Risk Europe: Questions over benefits of CVA for energy firms
Lack of credit team or CVA desk might make use of measure counterproductive, panellists worry
Energy Risk Europe: Commodity trading demands big data, says Trafigura CRO
Commodity trading firms urged to use advancements in big data to gain strategic advantage
Energy Risk Europe: Good times over for Europe's traders, says RWE's Krebber
Strain caused by regulation and renewables means European energy traders must adapt to survive, says RWE Supply & Trading CFO
An anatomy of financial and energy market bubbles
Despite differences in the detail, the mechanics that unfold during episodes of financial and energy market hype are the same. To avoid repeating the errors of the past, companies and individuals should bear them in mind, argues Vincent Kaminski
Report urges US coal producers to step up trading activities
Deloitte calls on US coal producers to set up prop trading desks and engage in more international origination
Cutting edge: Electricity contract risk with portfolio effects
The incremental risk of including electricity contracts in a portfolio is computed by George Levy using a Monte Carlo regime-switching approach. The volume and price processes are modelled using empirical distributions and correlation is captured via a…
Asia Commodity Research House of the Year: SG CIB
Accurate forecasting and insightful analysis prove a winning formula for SG CIB
Asia Commodity Derivatives House of the Year: Deutsche Bank
Despite cutbacks in Europe and the US, Deutsche Bank’s Asia commodities franchise continues to impress
Asia Broker of the Year: BNP Paribas Commodity Futures
Strong links with trade finance group mean brokerage clients have access to impressive variety of services
Asia Technology House of the Year: ZE PowerGroup
ZE PowerGroup's Zema data management software suite is gaining a firm foothold in Asia
Asia ETRM Software House of the Year: Aspect Enterprise Solutions
Aspect delivers its software in a way that significantly speeds up implementation and processing time
Asia Corporate Energy Risk Manager of the Year: Etihad Airways
A conservative yet flexible jet fuel hedging programme has proven successful for Etihad
Energy Risk Asia Awards 2013
The Energy Risk Asia Awards showcase excellence in commodity and energy markets across the region. We present the winners
Bank physical commodity trading is desirable, not essential
The role of banks in physical commodities is poorly understood, but it is not indispensable
E.on trading arm makes changes at the top
Fontaine leaves BNP Paribas; GDF Suez hires Standard Bank coal head; Trafigura opens Moscow office; LME names new CEO; Morgan Stanley hires oil trader
Commodity trading houses face questions over systemic risk
The rapid growth of commodity trading houses has led critics to question whether these firms have become a source of systemic risk. But trading houses strongly reject such arguments, and suggest they are little more than paper tigers. Alexander Osipovich…
Linn Energy SEC inquiry sparks hedge accounting debate
Linn Energy, once fêted as a leader in risk management, is under scrutiny by US regulators for its derivatives accounting practices – something that is casting a shadow over other master limited partnerships in the upstream oil and gas business, finds…
npower encompass offers an integrated approach to risk and energy management
Advertisement feature: npower’s encompass Volume Tolerance reports offer an integrated approach to risk and energy management
Head oil trader leaves Barclays
Senior energy trader exits JP Morgan; New Morgan Stanley gas origination team; Giancarlo nominated for CFTC role; Costantino joins Cargill; Noble nabs Shell power trader
Cutting edge: Impact of execution behaviour on valuation of optional financial contracts
Expected payoff maximisation is a commonly assumed strategy in valuation. S Hossein Hosseini, Qiaoyan Bian, Jay Chen and John Jiang suggest that execution strategies may vary due to complex option structures and their resulting uncertainties. Using a…