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.
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A disaster waiting to happen
Despite the threat of increased terrorist attacks and war with Iraq, financial institutions are still struggling to find the funds to invest in appropriate business continuity plans.
Basel's CDO solution
As the Basel Committee on Banking Supervision continues its stately progress towards a revised capital Accord, one area remains under debate: the proposed capital rules for asset securitisations.
Terrorism insurance - Modelling the unthinkable
In November, the US government passed a law requiring all insurers to underwrite terrorism risk, forcing them to find a way to price this exposure. Could terrorism risk models be the answer?
Tailoring internal models
Swiss Re's Pablo Koch Medina, Frank Krieter and Stephan Schreckenberg highlight the key features and main limitations of internal risk models for insurers.
ECB highlights dangers of over-concentrated market
FRANKFURT — Market consolidation and a reliance on electronic trading could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
ECB highlights dangers of over-concentrated FX market
Market consolidation and a reliance on electronic trading in the foreign exchange markets could lead to an over-concentration of risk and liquidity among too few market participants, the European Central Bank has warned.
NY Fed’s Rutledge outlines US plans, IRB goals
William Rutledge, executive vice-president of the New York Federal Reserve Bank, outlined the next steps US regulators will take to implement the Basel Accords in the US.
Enron charged with gas and broadband manipulation
The US Commodity Futures Trading Commission (CFTC) yesterday finally charged bankrupt energy trader Enron and a former company vice-president with manipulating natural gas prices. Also yesterday, federal authorities arrested on fraud charges two Enron…
Modelling the unthinkable
Terrorism insurance
Tailoring internal models
Risk models
Advancing op risk management using Japanese banking experience
Junji Hiwatashi and Hiroshi Ashida of the Bank of Japan outline a practical framework for operational risk management, derived from research and experiences in Japan's financial community.
Isda muddies debt waters
The International Swaps and Derivatives Association (Isda) has finally released its 2003 credit derivatives definitions, which take effect on March 17.
Reliant bows out of energy trading
Houston-based Reliant Energy has exited the energy derivatives trading market as a result of an $80 million trading loss it suffered at the end of February.
Risk ’s quant of the year backs Buffett
Peter Carr, recipient of Risk 's 2003 quant of the year award, said that in a [hypothetical] argument between quants convinced of the infallibility of their models and derivatives sceptics such as Warren Buffett, he would probably side with Buffett.
Ireland’s energy regulators to probe trading rules before full liberalisation
Ireland’s Commission for Energy Regulation (CER) is working on plans to liberalise the country’s electricity market and should publish a “decision on high principles” in April this year, according to Denis Cagney, head of networks at the CER in Dublin.
STP - Morgan Stanley Speeds FIX Monitoring
To better manage exposures, the firm realized traffic running through its electronic trading network had to be monitored in real time.
Feinstein asks CFTC to investigate gas pricing manipulation
Dianne Feinstein, the Democrat senator for California, yesterday urged the Commodity Futures Trading Commission (CFTC) to work with the Federal Energy Regulatory Commission (FERC) to investigate whether there has been manipulation of the US natural gas…
Derivatives are “time bombs”, warns Buffett
Derivatives are “time bombs” for the parties that deal in them and for the economic system as a whole, high-profile US investor Warren Buffett warned yesterday.
The SEC's E-mail Crackdown
Broker-dealers say vague wording in SEC rule 17a-4 will make compliance with the rule unnecessarily costly and burdensome.
Quantifying the op risk in investment fund valuation
Operational risk
Investors get real
Commodities