Stress testing under stress

Black swan events affecting energy markets put stress testing to the test

Stress testing

When British prime minister Harold Macmillan was asked by a young journalist what represented the greatest challenge for a statesman, he reportedly gave the famous reply: "Events, my dear boy, events".

Half a century later, disasters and political turmoil in the first quarter of 2011 once again brought home the fact that even events believed to be very unlikely, can, and do, happen.

In the first quarter of 2011, unrest in the Middle East and the Japanese earthquake and tsunami caught markets by

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: