Enterprise risk
Risk management should be more than just a decoration
Despite massive investment in human capital and technical resources, risk managers failed to warn about the dangers of toxic assets and excessive leverage in the run-up to the global financial crisis. Their lack of authority is partly to blame, writes…
Acer investigated 10 potential breaches of Remit in 2012
Acer probed 10 cases under Remit in 2012, agency says, in report that sheds light on the development of monitoring regime
CFTC proposes 'unassailable' position limits rule
CFTC puts forward another Dodd-Frank position limits rule, generating concerns among commodity derivatives end-users
Commodity investment goes back to fundamentals
The past year has not been a good one for commodity investment. Passive commodity indexes have delivered disappointing returns, while a number of high-profile commodity hedge funds have been forced to close. What is the outlook for investor interest in…
Dodd-Frank special report
Energy Risk looks in detail at the US Dodd-Frank Act and its implications for commodity and energy market participants
Risk & Energy Risk Commodity Rankings open for voting
Vote now in the 2014 Risk & Energy Risk Commodity Rankings
Correlation suggests ‘return to normal’ for commodities
Commodities are being increasingly driven by market fundamentals, say analysts, forcing investors to search harder for returns
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…
A plea for certainty in regulation
Clear and unambiguous rules have the potential to satisfy advocates of sterner regulation, as well as regulated firms
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
Barclays enters supply-and-offtake deal with US refinery
Barclays clinches deal with Hawaii refinery as US Federal Reserve scrutinises physical commodity trading by banks
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 derivatives rules flawed, says SEB’s Iwarson
Derivatives regulation will impede attempts by banks to compete and do lasting damage to European market, says founder of SEB’s commodity business
Hess CRO Jonathan Stein prepares for shake-up
As Hess turns into a leaner, upstream-focused oil company, chief risk officer Jonathan Stein tells Alexander Osipovich how enterprise risk management will assist in the firm’s transformation
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
Energy trading firms unprepared for Emir and Remit, poll finds
Many energy market participants are worryingly unprepared for Emir and Remit, according to a recent poll by Energy Risk
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 Oil & Natural Gas House of the Year: Citi
Citi has worked hard to rebuild its oil business and is one of very few banks that remain active in physical LNG
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 Technology House of the Year: ZE PowerGroup
ZE PowerGroup's Zema data management software suite is gaining a firm foothold in Asia
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…
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