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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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Re-energising Nymex
In his first year as president of Nymex, Bo Collins has launched a series of ground-breaking product initiatives. Now he’s mulling credit mitigation tools for the besieged energy trading industry
Cranks, academics and practitioners
Emanuel Derman ponders the difficulties in distinguishing among the three
FAS 133: routine or ruinous?
The Association of Finance Professionals, a 14,000-strong group of corporate treasurers and finance officials, gave Risk an exclusive look at its just-completed member survey on the implementation and consequences of FAS 133. Two years after the…
High-frequency trading: how great is the need for speed?
Just how important is speed? Risk managers and traders are weighing the value of high-frequency market data and trading technologies against their costs. Gallagher Polyn examines the debate over using high-frequency data in risk models, and profiles one…
€15bn floods bill unlikely to further hurt insurance sector
Insurers and reinsurers are unlikely to face significant financial difficulties following serious flooding in central Europe that has caused damage worth around €15 billion, according to research by UBS Warburg.
Over-reliance on risk models a danger, says Lawrence
Financial institution risk managers must be wary of relying too heavily on risk models and systems, according to Mark Lawrence, chief risk officer at Australian bank ANZ, speaking at Risk Waters Group’s third annual Risk Australia conference in Sydney…
Op risk floor removed to give flexibility
BASEL, SWITZERLAND - Global banking regulators have removed the operational risk capital floor previously proposed under the Basel II capital accord to give banks flexibility in developing op risk management systems.
Julius Baer launches capital protected products in response to “volatile and difficult times”
Declining political and economic stability has led to Bank Julius Baer launching a number of capital protected products, including investments that offer private investors exposure to rising gold prices, said the Swiss banking group.
UK accepts large banks could use basic op risk approach
LONDON - The UK’s chief financial market watchdog said in July it accepted that a large international bank could use the basic indicator approach, the simplest of the three approaches to calculating operational risk capital charges proposed under the…
US banks review legal options against operational risk charge
WASHINGTON - US opponents of capital charges as a protection for banks against operational risk are not giving up the fight following the reaffirmation by global banking regulators of their faith in such charges.
Beyond the pail
Australia’s regulator has hinted that it may work outside of the Basel Accord to set its own risk weightings for residential mortgages if adjustments aren’t made, writes Nick Sawyer.
True Quote trading platform adds electricity products
APB Energy has added electricity options to its online energy trading platform, True Quote.
Pardue resigns from Morgan to set up alternative investment house
Charles Pardue has resigned as co-head of marketing for structured finance at JP Morgan in Europe to establish Prytania Alternative Investment Management. He plans to launch Prytania in early 2003.
Evolution Markets launches weather desk
New York-based environmental and energy broker Evolution Markets has returned to the weather derivatives sector with the launch of a weather desk, six years after it brokered its first over-the-counter weather deal.
Aquila finally buries energy trading business
Missouri-based energy trader Aquila today said that it has put the lid on the coffin of its energy trading division, following almost two months of speculation. In June, Aquila unveiled plans to wind down its trading book, but said it was looking for a…
How Japan got it covered
The fast-growing Japanese weather derivatives market is unique in both its product diversity and the range of small business end-users it serves. But where are the big players? Rob Dwyer reports