Editor's letter
Well, what a year 2005 has been for energy! There was certainly no shortage of events to write about, and plenty of opportunities to make (and lose) money this year.
We hope our Review of the Year evokes the dynamic flavour of 2005 as it charts the biggest developments in the energy markets, and remembers some of the surprises - China Aviation Oil and Refco for example.
We also hope you enjoy our Pioneers special feature, which celebrates some of the finest, most innovative talent in the industry. Here we honour individuals and teams who, through hard work and winning ideas, have helped shape the markets into what they are today.
This issue also brings you, exclusively, an important White Paper by BP. In the paper, BP's derivatives specialists discuss what the company is doing to help customers manage energy price risk in today's changing energy markets. It looks at how globalisation has transformed the energy industry and how it has led the company to adopt an integrated approach to supply chain management. With case studies on how BP is using the forward curve in oil and gas, how it is applying risk management in heating oil, and a history of M&A in the North Sea, this referential paper offers practical advice as well as making very interesting reading.
So as the Christmas break draws near, it just remains for me to wish you safe and happy holidays - I hope you get the rest you all deserve!
Merry Christmas from all the Energy Risk team!
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Regulation
French regulator wants permanent changes to EU’s output floor
Push for capital relief faces resistance from supervisors in Finland and the Netherlands
Council plans take Aquis, BME out of Esma oversight
German push to exempt Deutsche Börse catches three others, according to sources
Why watering down resolution plans is a bad idea
Bank failures are inevitable; banking crises are not
BIS’s Hernández de Cos on AI, non-bank risk and tokenisation
General manager talks about how the BIS is navigating a complex global environment
‘European SEC’ no silver bullet for growth
EU policymakers hope a single, centralised supervisor will help rev up Europe’s economy but critics are mustering
Permanent FRTB reforms seen as vital for IMA adoption
Temporary relief granted in June has done little to encourage internal model use in Europe
How to ensure the next Credit Suisse or SVB fails ‘well’
Regulators are planning changes to resolution rules after criticism that living wills were ignored in previous bank collapses
Asian firms waiting on exemptions from UST clearing mandate
Hoping for relief on extraterritoriality, 51% of Apac firms have yet to start compliance programmes