Allegations of manipulation in US power markets inevitably stir up memories of Enron. After the Houston-based energy giant’s collapse, it was found to have exploited loopholes in California’s electricity...
No-action letter not enough to convince counterparties to trade with public utilities
This white paper looks at the heavy impact of regulation on investment managers, the mitigation of outsourcing risk, inefficiencies in corporate actions processing and the growing importance of collateral management.
More Mark Pengelly articles
Basel capital rules and regulatory reform stymie risk appetite of major banks in commodities
Lean times in energy and commodity derivatives trading have caused a cutback in the amount of time and resources spent on energy risk modelling – a worrying trend that could leave firms unprepared...
Industry estimates of clearing costs met with scepticism
Exchange of the Year, Asia: CME Group’s Nymex Exchange
Former head of power trading joins at least one ex-colleague to found Scoville Risk Partners
Costing stressed VAR
Dealers worry about the impact on liquidity unless single-name and index trades can be margined together
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.