Infrastructure
Congestion charges
As the US' premier regional transmission organisation, PJM Interconnection's pricing and transmission congestion models must be foolproof. Sandy Fielden describes how they work and the associated risk management mechanisms available to participants
Credit in the limelight
Today's business climate is pushing credit risk higher up the risk management agenda, as our Energy Credit Risk conference in New York showed. Stella Farrington reviews the event
Off to a flying start
Aviation is one of the fastest growing sectors in terms of carbon emissions, but a move by the European Commission to include airlines in the EU's Emissions Trading Scheme has alarmed some in the industry
A matter of principal
Developing term structure models can be tricky, as unknown factors and non-observable variables can affect futures prices. But principal components analysis is useful in tackling these problems. Here, Delphine Lautier uses PCA to pin down price movements…
Papering over the cracks
High energy prices are forcing pulp-and-paper makers to take action against falling profits, yet most companies are still shying away from energy price hedging. But that situation may be slowly changing. Joe Marsh reports
Credit news
News: Credit news
Back to basics
Education: Back to Basics
Pfandbrief enters a new era
Covered bonds
THE IBERIAN DIVIDE
Regional focus: Europe
Leverage lift-off for new CDOs
Structured credit
Winner: Neiman Marcus
Credit 's monthly roundup of the most innovative financing solutions. This month Neiman Marcus, Telecom Italia and Axa's Capella CDO win the accolades. Interviews and analysis by Nadia Damouni
Jim Toffey
Profile
Briefs
REGULATORY UPDATE
Losses & Lawsuits
LOSS DATABASE
CEBS defends record
REGULATORY UPDATE
UK Treasury proposes delay for MiFID
REGULATORY UPDATE
Another chance for enterprise-wide risk management
ENTERPRISE RISK MANAGEMENT
Reduce regulatory overlap, say US firms
REGULATORY UPDATE
Asia’s op risk quantification challenge
ASIA OP RISK
Nordic risk
Introduction
Direct access
Hedge funds
A focus on ETFs
Structured products