Operational risk
Energy Risk USA: O'Malia urges CFTC tech overhaul
CFTC must revamp its technological infrastructure to cope with a flood of swap trade data, says commissioner
Energy Risk USA: Dodd-Frank implementation 'maddening', says O’Malia
CFTC commissioner blasts “adhocracy” of last-minute exemptions to Dodd-Frank rules
Energy Risk USA: New CFTC position limits due in June, O'Malia says
CFTC will soon unveil revised rule on commodity position limits after a court rejected its previous effort, says O'Malia
Mandatory bundling will damage trading in European gas, say firms
Capacity Allocation Mechanism network code could restrict gas trade at physical hubs and interconnection points
Citi head of LNG origination departs
Rodney Malcolm replaced by Mike Curry, head of North American electricity sales
Exchanges plan futures in response to RIN price surge
CME Group and Ice plan to roll out futures based on biofuel Renewable Identification Numbers
Applied risk management series: Venturing beyond VAR
In this article, Carlos Blanco and José Ramón Aragonés review the historical simulation methodology used to estimate value-at-risk and expected tail loss, while including adjustments to traditional assumptions that can help improve risk forecasts for…
Renewables push proves challenging for Germany
An abundance of renewables capacity in Germany has caused extreme price movements, pushing volatility and trading activity increasingly towards short-term markets – forcing physical and financial market players to rethink their approach to electricity…
Evolution Markets opens Singapore coal desk
Hiemstra to lead new Asian office; EDF Trading hires power traders; Barclays loses head of commodity research; Vitol enters ag commodities; Davies leaves Trayport
Physical portfolio optimisation – improving margins in a tight market
In this corporate statement, Rashed Haq, vice president, Sapient Global Markets, explains how an analytical market-based approach can improve decision-making and reduce risk for commodity firms.
Energy firms give mixed response to Dodd-Frank swap reporting delay
Energy firms frustrated and relieved after eleventh-hour change to Dodd-Frank swap reporting deadline
Renewable PPAs find favour among corporates
A small but growing number of companies are using renewable energy power purchase agreements to lock in cheap forward electricity prices. But it may take some time before going green becomes a sound risk management strategy for all firms, writes…
Volatility set to return to US natural gas market, warn analysts
Booming shale production has brought US natural gas prices to 10-year lows and dampened market volatility, making life difficult for traders. But with rising demand from industrial users, power generators and exporters of liquefied natural gas,…
Ferc ruling raises hope of greater regulatory certainty
The US Federal Energy Regulatory Authority has seen its authority sapped by squabbles over turf – most recently, losing a court battle over an attempt to fine Brian Hunter, a former natural gas trader at imploded hedge fund Amaranth Advisors. Could there…
Ferc won’t appeal Hunter ruling, says Wellinghoff
Ferc chairman says agency won’t appeal ruling against it, but will seek to persuade Congress to change the law
South Korean power outage fears loom high on agenda
A lack of investment in generation capacity and safety-related nuclear shutdowns left South Korea facing warnings of severe power shortages over the past year. That is putting investment in energy infrastructure and security of supply high on the…
Evolution Markets creates Singapore physical coal desk
Evolution Markets is latest firm to ramp up efforts brokering coal cargoes in Asia
Turning points: SEB's Torbjörn Iwarson
While many investment banks are having a tough time in commodity markets, Swedish bank SEB is going against the grain by increasing its appetite for risk. Torbjörn Iwarson, the bank’s head of commodities, talks to Jay Maroo
Lack of regulatory clarity hampering PRA code of conduct
Price reporting agencies expect to release updated industry code of conduct shortly, but warn regulatory uncertainty could delay their efforts
Energy firms struggle to meet Dodd-Frank reporting deadline
With Dodd-Frank reporting and record-keeping rules set to come into effect on April 10, energy companies worry they won’t be ready in time
Cutting edge: Correlation functions in the crude oil and natural gas futures markets
Given the importance of the crude oil and natural gas futures markets, the intra-market correlations in these markets play an important role in pricing, hedging and managing the risks of energy portfolios. This paper by Ehud Ronn contributes to the…
Risk & Energy Risk Commodity Rankings photos
Winners of the 2013 Risk and Energy Risk Commodity Rankings were honoured at a cocktail reception in London on February 12. Here, we present the highlights
NWE power market coupling struck by delays
The European Union’s biggest power market coupling project to date has been beset by delays and will not now be be completed before the end of 2013. What is behind the setbacks and what do they mean for continuing efforts to forge a pan-European…
Hunter ruling may slow Ferc’s anti-manipulation push
A court decides the US Federal Energy Regulatory Commission overstepped its authority in trying to prosecute manipulation in natural gas futures - a ruling with implications for other cases