Looking back: Lehman stirs credit and liquidity risk fears

Counterparty concerns could lead to increased use of clearing

Lehman brothers building
Photo: David Shankbone/Wikimedia

Beyond the immediate task of dealing with any trading positions held with Lehman Brothers before its collapse on September 15, energy market players face an array of longer-term challenges – with credit and liquidity risk topping the list.

"It's been insightful how many people have started asking about credit default swap spreads," says Christopher Neidow, head of energy marketing for Asia at JP Morgan. "They want assurances about where we and others are in the market. This is equally important

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