News
Spanish banks prepare for refinancing risk as CDSs blow out
Refinancing risk increases for Spanish banks as credit default swap (CDS) spreads widen dramatically for a third day running.
Bernanke rules out repeat of Scap stress tests
Last year's Scap stress tests for US banks were a one-off, the Fed chairman said today.
Aegon appoints new UK CRO
Garthwaite given role as new chief risk officer for insurer's UK arm
AIFM provision threatens to change the risk profile of depository banks
Article 17 of AIFM seeks to impose strict liability on depository banks that could have far-reaching ramifications for the industry
Rating agencies under scrutiny once more
Rapid downgrade of Greece prompts Barnier to call for an investigation into CRA practices.
BP’s Gulf of Mexico oil spill to affect EU shale gas projects
BP’s Gulf of Mexico oil spill will lead to approval and production delays in the European shale gas industry as governments crack down on environmental safety regulations.
EBF urges restraint on remuneration regulation to protect EU competition
An EBF report calls on EU governments to hold back on punitive reforms to banking bonuses because they may threaten the competitiveness of EU financial centres
US lending landscape still bleak, Fed finds
Credit supply and demand are both still shrinking, though there are signs of a recovery among larger banks and companies.
Fraud crackdown will boost carbon market credibility, say experts
Market experts say Europe-wide crackdown on carbon trading fraud will strengthen market credibility and lead to tighter regulation
Choppy seas for shipping’s carbon scheme accord
The EU has pledged to include shipping in the EU ETS by the end of 2011 if a global scheme hasn’t been agreed on. Some shipping experts believe this could cause chaos, finds Alex Davis
Oil/gas price disconnect prompts calls to scrap index
The recent disconnect between oil and gas prices has once again raised the question of whether the practice of indexing gas to oil prices should be dropped, finds Alex Davis
Industrials to be granted OTC derivative exemptions
While the EC considers exempting non-financial energy users from clearing obligations, Katie Holliday speaks to industry experts about what impacts they think this move may have
Trading positions – May 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Gulf of Mexico oil spill to delay BP drilling projects
BP’s Gulf of Mexico oil spill could lead to production delays throughout the industry while safety regulation tightens up.
Credit spreads widen on Greece concerns
The positive sentiment caused by good Q1 results has faded as sovereign woes and the Goldman Sachs lawsuit weighed heavily on credit investors.
Greece faces legal problems in exiting Eurozone
If the €110 billion International Monetary Fund-Eurozone bailout fails and Greece is forced to dump the euro, legal experts say there would be no easy way out of its euro-denominated debts.
Data management key to understanding systemic risk, says expert
Systemic risk management will require enterprise-wide information gathering
Bankers question Wellink’s claim on Basel III economic impact
Bankers question how the committee chairman can accurately estimate the impact of Basel reforms.
Sovereign CDSs balloon as equity markets crash
CDS spreads on vulnerable eurozone countries widened dramatically today as stock markets crashed over uncertainty surrounding the Greek bailout.
Green Exchange’s London launch brings Nymex carbon products to Europe
The New York Mercantile Exchange's (Nymex) environmental products trading platform, the Green Exchange, has announced the opening of a London office, in an attempt to penetrate the European carbon space. Green Exchange International intends to list…
Basel Committee’s Walter: Basel III on track
A package of reforms to the Basel II capital framework will be calibrated by year-end as planned, says secretary-general.