Feature
GFI in North American online OTC electricity push
New York-based interdealer broker GFI today launched what a market participant said was the first stage in its effort to create an online OTC electricity derivatives market in North America, via a soft launch in Alberta.
RBS launches new sterling-denominated CDO
The Royal Bank of Scotland (RBS) has become the next in a line of major European banks to launch a collateralised debt obligation (CDO) consisting entirely of leveraged loans in the European market. The new fund, named Cairngorm, has a high proportion of…
Deutsches data duel
Statistical analysis of competing meteorological data from two different sources in Germany might lead to disparate views of weather risk management. By Bob Dischel
Poor relations
Here EPRM outlines an approach for sorting out common problems relating to calculating correlation measures in value-at-risk. By Brett Humphreys
Where now for Nordic?
The Nordic electricity sector is usually held up as the best working market in the world. We investigate why it is so successful and what it plans to do now that other countries in Europe are opening up their power sectors. By Joel Hanley
Oil giants look to gas and power trading
Despite the fall of energy trader Enron, Shell and BP are both seeking to develop their wholesale trading side, and have selected Tibco’s systems to help them do so. By Don Stowers
LNG comes in from the cold
Will the current rise in activity in the liquefied natural gas industry result in the product being traded in the same way as other commodities? By Eurof Thomas
Ready, set ... and wait
Continuous-linked settlement
Danger lurks on the rocky road to Basel II
Basel shortcomings
Op risk modelling evolves
Technology
On the path to recovery
Case study: NYBOT
Flexibility drives EBRD’s risk strategy
ALM in practice
Emerging markets ramp up
Technology
Approach with caution
Indicators
A tough nut to crack
The Basel Accord
Rules and models
Basel II
Averting future liquidity crises
Case study: JP Morgan Chase
On a slow road
Many in the energy industry are touting Italy as the next country in Europe to fully open its energy market to competition. But on closer examination, the country has a long way to go if it is to emulate the UK, the Nordic region and Germany. By Robin…
Turning ‘risky’ confidence into risk confidence
Sponsor`s statement
European tax-exempt firms wary on alternative investments
European tax-exempt institutions are lagging significantly behind their US counterparts in private equity and hedge fund investments, although the appeal of alternative investments is gaining popularity, according to Goldman Sachs.
Basel II may not suit emerging economies, says US central banker
Washington - Rules embodied in the Basel II banking accord may be inappropriate for banks in emerging-market economies because a country may have unique circumstances, a senior US central banker said in December.
In search of clarity and focus
Greater precision is needed in defining operational risk, but the Basle regulators' latest thoughts are lost in generalities, says Jacques Pézier, in the final article of a three-part series.
Basel shortcomings: Danger lurks on the rocky road to Basel II
The Basel Accord proposals to define operational risk contain many fatal flaws, says Jacques Pézier. He argues that it would be better to focus management time on managing key risks than on developing op risk databases and measurement procedures.