Regulator estimated first-round costs at $100,000 - but some dealers claim to have spent $750,000
Gary Germeroth, chief risk officer at US independent power producer Calpine, speaks to Pauline McCallion about the company, Dodd-Frank regulation and managing the risks related to renewable energy generation...
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Commodity swap articles
Clearport courts emerging market derivative exchange products in a bid to reduce systemic risk in commodity markets
Energy companies say key definitions in recently adopted US financial legislation are too broad or need clarifying, and call for additional 'trader' classification
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.