Commodities
Launched in 1994, Energy Risk is an online publication and in-person events company dedicated to the energy risk management and risk transfer business.
Please visit energyrisk.com for more insight and commentary.
Investment solution duo
Sponsored Statement
Breaking the chain
Most gas sold in continental Europe is still priced against oil products, even though the rationale for this link has waned. But some end-users have had enough. Oliver Holtaway reports
John Casaudoumecq
Citi's head of global commodities John Casaudoumecq explains to Oliver Holtaway why he switched to the sector after a career in the rate markets – and why he felt relocating to London was crucial to building the business
A climate of change
Proposals for an emissions trading scheme in Australia have met with widespread support from industry. However, some stakeholders are questioning what the impact will be on their business, and some believe an ETS alone may not be enough to meet…
An unfair competition
As one of the largest importers of natural gas in the European Union, Italy is a clear example of why liberalisation is harder in net importing countries. Alberto Cavaliere, professor of public economics at the University of Pavia, looks at the state of…
Birth of a new swaps market
Compliance traders in the EU emissions trading scheme will be able to import project-based CERs to meet their requirements from 2008 onwards. Andreas Arvanitakis of Point Carbon reports
Onward with offsets
Awareness of the effect of carbon emissions on climate change has driven growth in the market for voluntary carbon offsets. So who is getting involved, and why? Roderick Bruce finds out
Running dry
The UK has seen an old-style bank run like those of the nineteenth century. German lenders have struggled to prop up failing conduits. Contagion from the US has reached Europe but not in the way anyone expected. Subprime lenders, in particular, have been…
An elegant charter
Patricia Cook has taken on the role of chief business officer at Freddie Mac as the mortgage agency faces its biggest challenge for the past 15 years, and perhaps its biggest opportunity. Here she talks exclusively about Freddie's strategy in the current…
Mission critical
Few are the lucky ones in the current market turmoil. But good fortune and good foresight mean Freddie Mac is less vulnerable than private-label peers. The subprime mess might even present a valuable opportunity for the US mortgage agency. By Rob Mannix
The true cost of no-cost mortgages
Banks offering no-cost mortgages have been accused of hiding the real cost of the loan from borrowers. But as Andrew Kalotay and Jinghua Qian explain, lenders can also run into problems if they fail to calculate correctly the prepayment behaviour of…
Talking point - The leveraged loan logjam
With the value of delayed leveraged loans nearing $400 billion, will sufficient liquidity return to the market to get these loans off the lending banks' balance sheets? Credit asks four experts
First Pacific Advisors - The waiting game pays off
Betting against the markets takes a steady nerve, but for Robert Rodriguez and Thomas Atteberry, investment managers at West Coast house First Pacific Advisors, the strategy has paid off - and how. Dalia Fahmy talks to the two men who run this year's…