Trafigura paper reignites debate on systemic risk

Commodity trading houses "not too big to fail", research argues

craig-pirrong-2012
Craig Pirrong, University of Houston

A recent white paper published by Netherlands-based Trafigura has attracted both approval and sharp criticism from market observers, by attempting to prove that it and other commodity trading houses are not a source of systemic risk.

On April 24, the company released a 64-page paper on its website that strongly rejects the argument that commodity trading houses are ‘too big to fail'. The paper, sponsored by Trafigura and authored by Craig Pirrong, a professor at the University of Houston's Bauer

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here