Energy Risk Awards 2020: Uniper’s risk management approach to capital allocation, de-risking assets and pricing helps German utility shore up balance sheet
Energy Risk Awards 2020: Nodal plans further innovation as acquisition bolsters power and gas position
Key wins for BP, Engie and Uniper while Macquarie takes the derivatives house of the year award
Higher carbon prices would trigger widespread industry defaults, says agency research unit
Lucrative hedge portfolios offer promise of cash but unlocking residual value won’t be simple
Systems supplied by FIS struggled to handle massive spike in March trading volumes
Energy Risk’s Software Rankings reveal the industry’s technology preferences in a changing world
As impending global changes brought about by climate change loom, one issue in particular threatens to cause massive losses to institutional investors – rising sea levels. David Lunsford and Boris Prahl, of MSCI, explore where, despite the efforts of…
Tools to manage LNG freight risk were developed last year, but how is the market responding?
Estimating marginal effects of key factors that influence wholesale electricity demand and price distributions in Texas via quantile variable selection methods
Using a large data set from the Electric Reliability Council of Texas, this study uses quantile regressions and attendant variable selection methods to choose the most important factors that influence demand and price distributions; subsequently, the…
Value-at-risk in the European energy market: a comparison of parametric, historical simulation and quantile regression value-at-risk
This paper examines a set of value-at-risk (VaR) models and their ability to appropriately describe and capture price-change risk in the European energy market.
A forum of industry leaders discusses the latest developments in XVA and the strategic, operational and technological challenges of derivatives valuation in today’s environment, including the key considerations for banks looking to move to a standardised…
Vikash Rughani, business manager at triReduce and triBalance, outlines a new approach enabling buy- and sell-side participants to optimise the transition of legacy Libor over-the-counter swaps contracts to alternative reference rates
Global warming threatens to upend everything risk models take for granted
As uncertainty abounds on the impact climate change may have on the industry, financial services firms must best equip themselves for potential regulatory and socioeconomic changes to ensure they maximise the opportunities of embracing new best practices…
In this paper, the author uses the mean–variance hedging criterion to value contracts in incomplete markets.
Failure to take immediate action on the proposals set out in the Paris Agreement on climate change could cost approximately $1.2 trillion over the next 15 years in policy risk costs. Oliver Marchand, co-founder of Carbon Delta and executive director of…
Political journalist Robert Peston has grave concerns over the future of Britain, seeing profound risks with or without Brexit
Energy firms under increased pressure to assess physical climate risk
Investing according to environmental, social and governance (ESG) criteria can be done in various ways, with continuing development of filters and ways of analysing companies. As the market in ESG indexes and investments linked to sustainability matures,…