The evolving credit function

The role of the credit function at energy companies is likely to change enormously in the coming months. Are companies ready and how will the changes impact the risk management function? Anna Reitman and Pauline McCallion report

Focus on credit

The credit function at energy companies looks set to undergo revolutionary changes over the next couple of years.

As regulators around the world attempt to shine a light on the derivatives market, fears abound around declining dealer participation, lower liquidity and increased costs due to greater margin requirements.

As the ongoing drive away from non-cleared to cleared trades could represent a significant increased cost to trade, credit departments will need to work out how best to optimise

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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