Enterprise risk
Noble Group defends off-balance sheet inventory deals
Noble is justified in keeping optional inventory sales off-balance sheet, even though the firm repurchases these inventories “the vast majority” of the time, says chief executive Yusuf Alireza
Noble Group challenged over mark-to-market accounting
A mysterious organisation called Iceberg Research has accused Noble Group of inflating the mark-to-market values of long-dated commodity trades. The Hong Kong-based trading firm is fighting back, but can't seem to put the controversy to rest
Remit breaches already being investigated by Acer
Acer was already investigating breaches of Remit, but needed more resources to carry out its role, said director Alberto Pototschnig, speaking at Energy Risk Summit Europe
Highlights from Energy Risk Summit Europe 2015
Exclusive coverage of the annual congress for energy traders and risk managers, held on June 24-25 in London
European utilities face 'perfect storm', says Engie's Cirelli
Utility giants are already in deep trouble and urgently need to overhaul their business models, the former chief executive of Gaz de France told Energy Risk Summit Europe
Live coverage: Energy Risk Summit Europe 2015 - Day 2
Follow real-time highlights from Energy Risk's annual gathering of energy traders and risk managers in London
Ask questions and avoid sure bets, energy traders told
David Port, CRO of E.on Global Commodities, called for traders to adopt a more disciplined approach at Energy Risk Summit Europe
Live coverage: Energy Risk Summit Europe 2015 - Day 1
Follow real-time highlights from Energy Risk's annual gathering of energy traders and risk managers in London
Video: Prices and regulation posing challenges, says NRG's Mackey
Glenn Mackey, CRO of NRG Energy, says low commodity prices and new rules are major concerns in a video interview at Energy Risk Summit USA in Houston
Video: CTRM vendors weigh in on changing demand from energy firms
Vendors cite the impact of lower oil prices, M&A activity and financial regulation
Quant ideas: Do we need realistic models?
It is often assumed that realistic models are a prerequisite for successful risk management, but this is not necessarily true. While using any model blindly can be extremely dangerous, simple Black-Scholes or Ornstein-Uhlenbeck models are more than…
Energy Risk awards 2015: The winners
Citi, Qantas Airways and Mexico's Ministry of Finance and Public Credit are among the organisations honoured in the 2015 Energy Risk awards
Newcomer of the year: Huntington Bank
Huntington Bank’s newly fledged commodity hedging desk has flourished amid the retreat of larger dealers
Regulatory advisory house of the year: Baringa Partners
Baringa has helped clients deal with the many and varied demands of European energy and financial rules during the past 18 months
Energy finance house of the year: SG CIB
The French bank has executed innovative deals involving a broad range of commodities, countries and projects
Oil & products house of the year: Citi
The US bank has assisted oil producers and airlines whiplashed by crashing prices
Risk manager of the year (utility): GDF Suez Trading
Internal and external clients have benefited from the utility’s risk management skills
Risk manager of the year (corporate): Qantas Airways
Smart risk management helped push Qantas back into the black in 2014
Deal of the year: Citi
Citi acquired at least a dozen commodity books from rival dealers in 2014
Price reporting veteran set to leave Platts
Goldman makes top-level changes; APX CEO to step down; Citi hires JP Morgan risk head; Calpine hires Goldman’s Griggs; Neas adds in power and gas
Massad says CFTC is willing to hear energy firms’ concerns
In an exclusive interview at Energy Risk Summit USA in May, CFTC chairman Timothy Massad chose to highlight the agency’s willingness to hear industry arguments on issues such as trade reporting, position limits and record-keeping
Citi acquires Texas power trading book from Barclays
US bank continues aggressive push into commodities by buying Barclays’ Texas power book, after similar purchases of trading books from Deutsche Bank and Credit Suisse last year
Highlights from Energy Risk Summit USA 2015
Exclusive coverage of the flagship congress for senior energy risk managers and traders
Kraft allegations raise concern among energy end-users
A CFTC complaint against the successor firms of Kraft Foods is a good indicator of how it might deal with end-users holding dominant positions in other markets, say panellists at Energy Risk Summit USA