Enterprise risk
ETRM Software Advisory House of the Year: Structure
Structure’s expanded strategic advisory services are adding new breadth and insight to its thriving ETRM software advisory practice
Emissions House of the Year: Element Markets
Element Markets is seeking to provide clients with help navigating the dense thicket of North American environmental commodity markets
Oil & Products House of the Year: BNP Paribas
BNP Paribas is holding the course in oil and refined products, as other banks abandon the commodities market
Research House of the Year: Marex Spectron
The increasing prevalence of financial trading in commodities means there is a need for innovative technical analytics, which broker Marex Spectron has done well at providing
Energy Risk Manager of the Year: GDF Suez Trading
As banks retreat from commodity market, GDF Suez Trading is expanding its risk management business and broadening its geographic reach
JP Morgan and Mercuria reveal post-transaction plans
Icap Energy chief Newman steps down; PetroChina hires products head; BAML makes commodities hires; E.on recruits Barclays power and gas head; Evolution launches US power desk
The hidden revolution in real-world monitoring
With more data available to us than ever before, harvesting, consolidating and transforming it into actionable insight has become Thomson Reuters’ mission, as discussed in this sponsored feature by Leigh Henson, global head of energy, and Stefan…
CFTC eases Dodd-Frank burden on energy companies
In the wake of industry criticism, the US Commodity Futures Trading Commission is taking steps to relax position limits and accommodate the concerns of public utilities in its implementation of the Dodd-Frank Act
Credit fears hold back US solar securitisation deals
In a major breakthrough for renewable energy finance, California-based SolarCity has issued the first securities backed by distributed solar assets. But many hurdles remain before solar securitisation can truly take off, Alexander Osipovich finds
TXU bankruptcy holds lessons for risk managers
The bankruptcy of Energy Future Holdings – formerly known as TXU – should act as a warning to risk managers, who must be alert to excessive self-confidence and a failure to deal with unpleasant or inconvenient facts, argues Vincent Kaminski
Bank-led commodity decorrelation theory rejected by analysts
Unctad economists' argument that bank withdrawals are loosening correlation between commodities and equities "doesn’t make any sense", say analysts
JP Morgan unveils commodities succession plan
John Anderson and Michael Camacho to succeed commodities chief Blythe Masters amid sale of physical business to Mercuria
Trafigura paper reignites debate on systemic risk
Commodity trading houses "are not too big to fail" argues white paper published by Trafigura, attracting mixed views from market observers
Banks counter Fed worries on physical commodities
Goldman Sachs and Morgan Stanley stress public benefits of allowing banks to trade physical commodities, while downplaying fears of catastrophic risk
Citi hires Morgan Stanley oil veteran Randall O’Connor
Head of strategic transactions quits to join Citi as Morgan Stanley pulls back from physical oil trading
Senior commodities salesman quits JP Morgan
David Samuels exits JP Morgan amid commodities shake-up and sale of physical business to Mercuria
Banks tussle to join next generation of commodity dealers
Facing low volatility, a lack of trading opportunities and compliance headaches, major global investment banks are pulling back from commodities. But at the same time, a number of smaller and regional players are actively seeking to increase their…
CFTC upping enforcement effort, warns former chief
David Meister, former director of enforcement at the US Commodity Futures Trading Commission, speaks exclusively to Alexander Osipovich about market manipulation, high-frequency trading and the value of Dodd-Frank reporting rules for financial watchdogs
Dynegy founder Watson recalls dawn of deregulation
Dynegy founder Chuck Watson talks to Alexander Osipovich about the dawn of deregulation, the fall of Enron and what it takes to be a successful entrepreneur
2014 Risk & Energy Risk Commodity Rankings photos
The top firms in this year’s Risk and Energy Risk Commodity Rankings were honoured at a champagne reception in London on February 25. We showcase the winners
Looking back: oil market's future is different from its past
By 1994, the oil industry had changed irrevocably due to the increased use of derivatives – a trend that was discussed by Edward Krapels in an article for Energy Risk in June that year
Applied risk management series: Active VAR management
In this article, Carlos Blanco introduces a set of tools to assist traders and risk managers in actively managing the value-at-risk of energy derivatives portfolios
Commodity trading houses have banks on the ropes: so what?
Commodity trading houses may well be the new market heavyweights. But contrary to arguments made by bankers, that isn’t necessarily a problem
Gulf War and supercycle are career highlights, says Saperia
Since Nigel Saperia first began working as an oil trader at Shell in 1976, the business of trading oil has been transformed. He speaks to Mark Pengelly