Operational risk
EC’s Capital Requirements Directive deemed “detrimental” to energy trading
The revised proposal for the Capital Requirements Directive (CRD) presented by the European Commission (EC) on July 20 has sparked serious concerns among energy companies, traders and exchanges
Russian oil at top of investment list: Franklin Templeton
Franklin Templeton’s Mark Mobius says Russia is his current emerging market of choice, in particular oil and resources companies, and suggests concerns over corporate governance are misplaced
Texas could face power shortages due to new EPA rule: ERCOT
Pollution rule could impact long-term ERCOT reliability and create additional costs as power plants devote resources to understanding the new system, ERCOT warns
WTI/Brent spread impacts commodity index returns
A re-balancing of indexes to include, or increase Brent weighting could be on the cards to combat sliding WTI/Brent spread, say index providers
Energy Risk – 2011 awards dinners - held in Houston & London
Energy Risk rewarded excellence at the recent rankings receptions held in Houston and London
Regulator strengthens enforcement authority
CFTC finalises new Dodd-Frank anti-manipulation rule but energy experts continue to question its value
Special report - Weather risk
This month's special report looks explores the state of play in the innovative weather derivatives market
FERC requirements “burdensome & potentially misleading”
A move to boost the electricity market’s transparency through additional data reporting has drawn criticism and raised questions about the FERC’s focus. Pauline McCallion reports
Global economic ripple effect spreads to US power
Growing US coal exports and increased investor activity are linking traditionally domestic markets such as power to global economic events. Pauline McCallion finds out about this trend
Trading positions - July 2011
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Q&A – CFTC's Scott O'Malia
CFTC Commissioner Scott O’Malia shares his views with Ned Molloy on, amongst other things, systemic risk, position limits, the use of non-cash collateral and the jurisdictions of the CFTC and FERC
Approaches to strategic risk for energy risk managers
Pauline McCallion looks at the challenges the energy risk manager faces when dealing with strategic risk
Grasp of investor trends now a necessity
With investor money in commodities at record highs, understanding investor trends and their impact on the market is becoming ever more important, writes Rebecca Hampson
Weather risk: gauging the exposure
There is now an array of instruments available to hedge weather exposure, but evaluating that exposure is far harder than quantifying standard exposures such as commodity price risk. Garth Renne and Shaun Hatch discuss approaches to analysing wind and…
What lies ahead for weather risk management?
While products and participation continue to evolve, more education will be crucial to boosting weather derivatives use, experts say. Pauline McCallion speaks to market participants about how to continue the market’s evolution
Assessing nuclear risk in the aftermath of Fukushima
Financial losses stemming from Japan’s Fukushima nuclear reactor accident will likely match or exceed losses at banks during the financial crisis. The ripple effect is already being felt by power generators worldwide. Stephen Maloney identifies the…
Commodities Trading and Investment Summit: conference highlights
China, oil prices and the impact of regulation were among the topics hotly debated at Energy Risk’s inaugural Commodities Trading and Investment Summit held in Geneva last month. Ned Molloy reports
Cutting edge: Pricing carbon-linked bonds
Within the framework of Phase II of the EU ETS, which has consecutive compliance periods that allow banking and borrowing, Daniel Bloch expresses the dynamics of Certified Emission Reductions as a function of European Union Allowances, and computes the…
Profile: Anthony Belchambers – CEO, FOA
Derivatives regulation needs to better recognise that sustainable economic growth is risk dependent, says Anthony Belchambers, chief executive of the Futures and Options Association. A disproportionate regulatory response with unrealistic goals will…
Jean-Marc Bonnefous talks China and QE2
Jean-Marc Bonnefous, managing partner, Tellurian Capital Management, talks Chinese growth scenarios, quantitative easing, and their impact on commodity markets
Falling oil prices and Greek crisis a boon to carbon traders
Carbon allowance trading hits all-time high in June as analysts downgrade predicted average ETS Phase 3 price to €22 per tonne
Report recommends ways to tackle energy market manipulation
A new report has suggested a framework for identifying market manipulation, arguing further clarity will boost market liquidity
Growing global gas demand to end Asian LNG spot market?
Experts question whether the nascent spot market for liquefied natural gas (LNG) in Asia could disappear if excess supply replaces nuclear in Germany and Japan