Hedging
Aviation bears brunt of fuel price gyrations and new rules
The price volatility seen in energy markets in recent years has had a big impact on the bottom line of many airlines, both in the form of higher prices as well as hedging losses. Pauline McCallion speaks to industry participants about the outlook for…
CVA and the equivalent bond
CVA and the equivalent bond
BP’s Gulf of Mexico oil spill will not push fuel switching
Experts quash fears that tighter restrictions following BP’s Gulf of Mexico oil spill will result in oil to gas fuel switching in the US, thus pushing up gas prices
UK end-users face power and gas price volatility
Experts warn that major UK end-users may face another quarter of power and gas price volatility, indicating the necessity of a risk management programme
End-users adopt more complex hedging tools and methods
End-users’ energy and commodities hedging strategies are growing in sophistication as they adopt more complex products and non-traditional tools, says the head of RWE npower’s optimisation desk
Forward planning at M&S
Forward planning at M&S
Energy firms' hedging programmes give mixed results
Hedging programmes for oil & gas companies show widely differing outcomes according to the latest flurry of company results
NATS saves £1.7 million in hedging programme
Major end-user NATS saved £1.7 million after installing a new hedging strategy and energy risk management programme
Asia Risk 15: Mastering mismatches by using ALM risk tools
The development of domestic bond markets and longer-dated hedging instruments in Asia during the past 15 years has helped insurers to manage their duration mismatches. But there is still a long way to go. By William Rhode*
Q&A: Wayne Mitchell, head of corporate sales, npower
Model behaviour
Statoil stung by hedging derivatives losses
Norwegian oil and gas giant Statoil's results are hit by major losses on hedging derivatives in spite of a rise in profits and production
Mining companies vulnerable on lack of hedging programmes
A substantial number of mining companies refuse to have a hedging programme, leaving them vulnerable to a possible sharp drop in prices
Commodity markets face hedging activity boost
With commodity market conditions seemingly ripe for consumer hedging, Lianna Brinded looks at whether there has been a recent uptick in consumer hedging activity
European refineries face difficult times
European refining has been in the doldrums for the last few years. Alex Davis looks at the outlook for Europe’s refiners and at how this will affect hedging strategies
Overview of US regulatory reforms
US legislators are shoring up a range of sweeping financial regulations to tighten derivatives trading. Pauline McCallion provides an overview to the regulatory changes in the pipeline
Energy firms face capital adequacy squeeze
Impending regulation changes will have a profound impact on the operational side of the energy markets as energy companies face capital adequacy issues. Lianna Brinded investigates how companies will cope and what repercussions the changes will have on…
Hedgers’ dilemma over exchange rules
Pauline McCallion speaks to industry experts to find out what new derivatives regulations could mean for the end-users of energy hedging products
Reform bill forces energy risk management rethink
New US derivatives regulation is expected to compel companies to redefine their risk management strategies
New short-bond ETFs facilitate interest rate hedging and directional views
Deutsche Bank has listed short-bond ETFs on the London Stock Exchange as an interest rate hedge or for taking directional views on UK and US sovereign debt
Commodities investment – know your options, manage your risks
Events over the past three years have generated extreme levels of volatility in the commodities arena. In this article, Standard Chartered provides companies and investors with some keen advice on hedging against these sharp moves, and the clear…
Risk roulette on eurozone scenarios
The European Union and International Monetary Fund agreed a €750 billion emergency loan package in early May, aimed at averting a sovereign default and wider crisis across the eurozone. Nonetheless, banks have been preparing for the worst, stress testing…
Mortgage lenders fret over FASB hedging proposals
Popular risk mitigation strategies could be sunk by new rules on the designation of hedges
Commodity position limits could hurt entire market, experts warn
Proposals by the Commodity Futures Trading Commission (CFTC) - now also proposed in the recently approved Senate Bill on Finanicial Reform - to limit larger energy traders' positions, could drive down liquidity in energy markets across the board, causing…