Book contributions by Risk Staff
Portfolio Construction and Management
Edited by Brice Benaben and Julien Jarmoszko
Articles by Risk Staff
Vincent Annunziata
During his time as a senior commodities trader and risk analyst, Vincent Annunziata noticed an alarming trend: like any other trading outfit, his company was prone to human error. He was working for Phibro – formerly the commodities trading division of…
UK energy brokers form association
Nine brokers operating in the over-the-counter energy markets in the UK formed the London Energy Brokers’ Association (LEBA) in July.
People Swaps
ABN Amro hires global energy trading head Dutch bank ABN Amro has hired Jonathan Arginteanu to the newly created positionof senior vice-president and deputy head of global energy trading operationsin New York. He was previously head of rival bank BNP…
Mirant bankruptcy is not terminal
US energy firm Mirant’s July bankruptcy filing bucks the recent trend of last-minute restructuring deals that have saved many of its rivals from a similar fate. But analysts say the company is likely to emerge from its filing with at least some of its…
A capital adequacy primer
A summary of the Committee of Chief Risk Officers’ (CCRO) emerging guidelines on capital adequacy, by Cinergy’s Antonio Ligeralde, Kenneth Robinson of El Paso Merchant Energy and CCRO head Michael Smith
LNG not a short-term supply fix, warns US research firm
Liquified natural gas (LNG) will have a minimal impact on a significant US gas storage shortfall in the winter of 2003/2004, despite its long-term promise, says Energy Security Analysis Inc (Esai), a Boston-based research firm.
Austrian rail firm on the risk management fast track
Austria’s largest electricity consumer, rail firm Österreichische Bundesbahnen, talks to EPRM about its energy risk management strategy. And, as Paul Lyon discovers, other end-users could learn from the innovative company
Management buys out SG’s weather and cat bond funds
Société Générale’s (SG) weather derivatives team completed an amicable management buyout of the weather division at the French bank. The buyout creates what is believed to be the largest range of dedicated weather derivative and catastrophe bond funds,…
Valuing exploration and production projects
Lukens Energy Group’s Hugh Li sets out an option method for valuing exploration and production projects, using a practical example
In search of power solutions
Blackouts across Italy in early July highlight the need for power plant investment – and the new market operator says promotion of derivatives trading is necessary to encourage such investment. But producers are yet to bite, finds James Ockenden
Technology Briefs
TECHNOLOGY
Moody’s preparing pan-European bank operational risk report
IMPLEMENTATION OUTLOOK
Murky UK AML picture awaits regulatory clarification
ANTI-MONEY LAUNDERING
Cash by nature
Fund managers have been adopting the strategy of using cash as a safe haven
Winning both ways
Two years ago, Mulvaney Capital took a risk by looking for a new investor, but the relaunch has proved fruitful
Evolving credit
The flexibility of credit default swaps makes them an invaluable tool for arbitrage, speculation or hedging products
Weaker trends in late June force funds to retrace gains
The improving economy has resulted in liquidations in fixed income and currency markets
Fundamentals adopted by tech after sentiment rally
Specialist equity funds are being launched to target sophisticated investors