Q1 scapegoats: energy and weather

Risk’s second quarterly round-up of corporate risk disclosures provides some evidence that companies are becoming more forthcoming. But losses on hedgeable exposures, especially energy and weather, continued to plague many

A focus on accounting compliance in the wake of the Enron bankruptcy and the string of high-profile technology, media and telecoms company meltdowns that followed featured heavily in second-quarter corporate disclosures. As US legislators, regulators and institutional investors proposed new rules on corporate governance and accounting, and regulators promise stricter enforcement, companies are volunteering more detail in their quarterly and annual reports on exposures, contingent liabilities and