Risk magazine - VOL 15 / NO 1

Enron and systemic risk

Regulators worry that concentrating derivatives market-making in a few major dealers poses severe systemic risk issues. Could one big player’s failure break the whole system? David Rowe says Enron is an ideal test case, with some encouraging indications

Collateralised loan obligations

Enron’s bankruptcy highlighted the problems that the lack of portfolio transparency and diversification in the collateralised loan obligation (CLO) market causes investors. Barrie Wilkinson and Andrew Kuritzkes of Oliver, Wyman & Co argue a ‘multi-bank…

Software survey 2002 |

Some online risk management products failed to live up to expectations last year, but software vendors forge ahead, developing products that support fast-growing markets such as credit derivatives and CDOs, and tools to help banks meet Basel II…

Fallout for energy markets

Enron’s collapse led to short-lived increases in electricity and natural gas volatility. As the markets settle down, the question now is who will fill Enron’s shoes? By Kevin Foster

Turbo-charged models

Derivatives dealers get a substantial edge if they can model and price positions faster than their competitors. So system vendors are seeking to rev up the Monte Carlo simulation engines that power many of their analytics.

Job moves

QUOTE OF THE MONTH: - “The FSA has successfully put the fear of God into senior managers” Simon Gleeson, a partner in the regulatory group at Allen & Overy in London, on the FSA’s new unlimited liability rules for risk management errors Source: RiskNews,…

The silver lining

Enron’s collapse could ironically give a boost to the telecoms market, as Enron Broadband Services bows out of the limelight. By Laurence Neville

Risk awards

The third annual Risk awards recognise excellence and innovation in the fast-changing risk management and over-the-counter derivatives businesses

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