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Model misgivings

The insurance-based nature of Danish pension provision means almost the entire sector will fall under the remit of Solvency II. And despite the Danish industry’s groundbreaking work in stochastically modelling its assets, the potential extension of this…

Interview: Bank of America Merrill Lynch

Since the Bank of America takeover in September of last year, the commodities business of Merrill Lynch has been forging ahead with plans it had in place before the interruption of the financial crisis. Rachel Morison talks to co-heads of global…

Australia – renewables policy

As government support for renewables grows globally, Andrew Petersen and Eros Artuso of PwC look at Australia’s latest initiative and compare it with other schemes worldwide

US cap-and-trade offsets clouded by uncertainty

As US firms await climate change legislation, it looks inevitable that heavy emitters will need to invest in carbon offset projects – some of them overseas – in order to meet targets. However, the outlook for offsets is clouded by regulatory uncertainty…

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