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Operational risk

UK FSA’s risk assessment framework updated

Changes to the risk-based regulatory framework used by the Financial Services Authority in the UK has been issued today. The report was published by the regulator as a part of a scheduled series addressing the Advanced, Risk-Response Operating FrameWork …

In brief:

FSA sends “Dear CEO” Letter for CRD firms FSA releases handbook development newsletter

Paul de Fries, group risk manager, Noble Group

Paul de Fries is group risk manager of Noble Group. He began his career at the IPE, was a derivatives trader with Hull, and later joined ING Bank. He was head trader at Macquarie Bank before joining Noble in 2001

Weathering power's demand

Using temperature forecasts to predict power demand has some major pitfalls. Here Martin Fischer and Michael Grossman suggest ways to glean more from forecasted temperature data

Forward thinking for backwardation

In certain settings it's reasonable to assume that the current futures price embodies the market expectations of the spot price. However, as Gary Dorris, Sean Burrows and Vena Kostroun explain, there are distinct situations when this assumption does not…

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