Commodities
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GFI launches trading for dry freight derivatives
New York based-brokerage GFI Group is to offer hybrid voice and online trading of dry freight derivatives in a joint venture with Arrow Chartering, a London-based shipbroker.
The energy traders’ trader
Danny Masters co-founded a hedge fund to exploit the untapped potential for risk management in the energy market
Strategic shortcomings
A survey of 13 private banks’ risk management practices reveals some dangerous shortcomings. Lisa Kastigar of Sherwood Alliance, a Switzerland-based financial consulting firm, examines the challenges for risk managers at these institutions
Clearing the obstacles
Credit quality is essential to every energy firm’s success, as recent problems at Aquila and Dynegy attest. Couple this with the post-Enron threat of increased regulation for OTC energy derivatives and it is clear that the energy trading market needs…
From strategy to tactics
Effective tactical use of risk management information has long been an aspiration of many organisations, but technical obstacles have stood in the way. In this third of four articles on integrated credit risk management, David Rowe argues that the…
Running for cover
Energy
Beyond the pail
Basel accord
Brent’s liquidity crisis
The decision by energy information provider Platts to alter the definition of its Brent benchmark price has forced the issue over the crude blend’s liquidity problems, reports Matt Horsbrugh
Equity slump sees upsurge in long-dated hedging
The European interest rate swaps market has seen a return of the long-dated hedging programmes that first surfaced at the end of last year, according to traders at investment banks.
Weather derivatives to buck energy trading downturn, says report
Weather derivatives have a promising future, despite troubles in the energy merchants sector, according to a report by New York-based energy consultancy RJ Rudden Associates.
UK investor fears seem overdone, regulator says
It is right that regulators look hard at the UK’s regulatory regime to see whether improvements are needed to prevent a fraudulent attempt to inflate corporate earnings for personal gain, the UK’s chief financial regulator said today.
Op risk advances likely after dropping of Basel II floor, says Moody’s
Further advances in banks’ operational risk measurement and management are likely to be stimulated by the decision last week by global banking supervisors to drop the op risk ‘floor’ in their Basel II bank protective capital proposals, credit-rating…
Op risk advances likely after dropping of Basel II floor, says Moody’s
Further advances in banks’ operational risk measurement and management are likely to be stimulated by the decision last week by global banking supervisors to drop the op risk ‘floor’ in their Basel II bank protective capital proposals, credit-rating…
Aquila backs Feinstein energy trading proposals
Missouri-based energy company Aquila today said it strongly supports Senator Dianne Feinstein's proposal for more aggressive Commodity Futures Trading Commission (CFTC) oversight of energy derivatives trading.
Isda to testify before Senate committee
The International Swaps and Derivatives Association will today testify that there is no need for further over-the-counter energy derivatives regulation. Representatives of the trade association, due to speak before the US Senate Committee on Agriculture,…
JP Morgan names most vulnerable European corporates
US investment bank JP Morgan Chase named ABB, Alcatel, Alstom, Deutsche Telekom, Ericsson, Fiat, France Telecom, ICI, Invensys, Repsol-YPF, Rhodia, Vivendi Universal as the most exposed credits post-WorldCom in its latest credit research report.
SolArc
Technology
Sapient
Technology
Pulling in different directions
Can Opec ever achieve harmonised foreign investment rules? Maria Kielmas talks to former Algerian energy minister Nordine Aït Laoussine – who says it will never work – and to harmonisation’s biggest supporter and architect Bernard Mommer, special adviser…
Banks and commodities: against the tide
Introduction