Doubts raised over US Department of Energy CRO proposal

solar-panel1

Last year's bankruptcy of solar-panel manufacturer Solyndra became a black eye for the administration of US President Barack Obama, which had loaned the company close to half a billion dollars as part of its effort to promote "green jobs" and independence from fossil fuels. Earlier this month, the White House released a report from an independent consultant advising the US Department of Energy (DOE), which had issued the ill-fated loan, to hire a "highly experienced" chief risk officer (CRO) 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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