Enterprise risk
Risk & Energy Risk Commodity Rankings 2013 – metals
In a torrid year for metals traders, Société Générale Corporate & Investment Banking retained first place in base metals, with UBS again leading the way in precious metals. By Tom Newton
Commodity correlation returning to pre-2008 levels, say analysts
The tight link between commodities and equities is easing as firms become less worried about macro shocks, say analysts
Post-MF Global segregation reforms spark fierce debate
The failures of brokers MF Global and PFGBest have shaken the faith of commodity hedgers in their futures commission merchants (FCMs). But are regulators doing enough to protect customers from another FCM implosion? Alexander Osipovich reports
Turning points: Frédéric Lasserre, Belaco Capital
Recent years have seen an outflow of commodity derivatives talent from banks towards hedge funds and independent traders. This is the path trodden by Frédéric Lasserre, former head of Société Générale Corporate & Investment Banking’s commodity research…
Energy Risk's Europe and North America awards open for submissions
Energy Risk's prestigious Europe and North America awards open for entries from market participants
PRAs push back against potential EU rules on benchmarks
Price reporting agencies among the most vehement critics of potential EU rules on benchmark indexes
'Uneconomic trading' at issue in Barclays power dispute
Barclays seeks to defend itself against power market manipulation allegations by contesting regulator’s pursuit of uneconomic trading
Vote now in the Energy Risk software rankings
Make sure your vote is counted in our annual ETRM software rankings
Cutting edge: Jamshidian decomposition for pricing European energy commodity swaptions
In this article, Hamid Arian and Ion Rada propose a practical method for calculating the exact price of energy commodity European swaptions under the standard Markov diffusion model for energy commodity futures term structure. Their argument faithfully…
JP Morgan deserved “a very severe penalty”, says Ferc chairman
Tougher enforcement stance is justified and paying dividends, claims Ferc chairman
Firms shy away from public utilities despite CFTC relief
No-action letter not enough to convince counterparties to trade with public utilities
Energy Risk Asia awards dinner
Energy Risk honoured success at the annual Asia awards dinner held in Singapore on September 26 following our Asia conference. We showcase the winners
Energy Risk Europe: The challenge ahead
A tough economic environment, sluggish trading activity and regulatory reform all left their mark on Energy Risk Europe this year, where market participants discussed the many threats looming over the industry and how to overcome these challenges…
Energy market focuses on counterparty risk
The critical importance of counterparty risk management was demonstrated by the bankruptcy of Lehman Brothers in September 2008. In response, banks and other energy market participants have been trying hard to improve their game. Gillian Carr reports
People moves in energy markets
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Commodity position limits cause Mifid II confusion
Mifid II is set to impose position limits for commodity derivatives, but recent drafts are sowing confusion over who will be responsible for setting them, writes Jay Maroo
Banks retreat from commodity derivatives
Increasing capital requirements and other regulatory constraints are cutting the headcount and risk-taking ability of banks in commodity and energy derivatives. Might this diminished role pave the way for less regulated participants to take their place?…
Using credit valuation adjustment to set limits
In their previous article, Carlos Blanco and Michael Pierce introduced the concept of credit valuation adjustment (CVA). In this next instalment, they explore CVA allocation methods and discuss alternative structures using CVA to set limits, credit…
Banks cut commodity VAR as regulatory reform bites
Basel capital rules and regulatory reform stymie risk appetite of major banks in commodities
Oil price reporting agencies' principles won't deter manipulation, say critics
International Organization of Securities Commissions principles for oil price reporting agencies fail to silence critics
Corporate statement: BroadPeak Partners
BroadPeak Partners and consultancy Baringa Partners put the operational cost of a single lost or mis-booked trade at more than $600. But the cost in terms of risk miscalculation and compliance is often much higher
Trading positions: October 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
