Ferc executes already dead Enron

However, the impact on the power and natural gas sector will be minimal, as theEnron subsidiaries named under the Ferc order are no longer active in the USmarkets.

“Today’s unprecedented action should go a long way to reassure the nation’scustomers and the energy industry that the commission will not tolerate thesemarket manipulations,” said Ferc chairman Pat Wood in a statement releasedafter the commission’s regular meeting on June 25.

“The commission will use the full extent of its authority to

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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