Applied risk management series: Optimising commodity hedging programmes

The design and optimisation of a successful commodity hedging programme requires solid backtesting that meets the needs of different business functions. Using a recent case study, Carlos Blanco and Tamir Druz show how various tests can complement and reinforce one another

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How does a firm design an effective commodity hedging programme? The key to answering this question lies in one’s definition of the term ‘effective’, which can have a very different meaning even to people within the same organisation, depending on their personal views and functional perspectives.

For example, back-office functions rely on prevailing hedge accounting standards to make this determination. In contrast, middle-office personnel in risk management will tend to focus on the programme’s

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Chartis Energy50 2023

The latest iteration of Chartis' Energy50 2023 ranking and report considers the key issues in today’s energy space, and assesses the vendors operating within it

2021 brings big changes to the carbon market landscape

ZE PowerGroup Inc. explores how newly launched emissions trading systems, recently established task forces, upcoming initiatives and the new US President, Joe Biden, and his administration can further the drive towards tackling the climate crisis

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