Energy
China - Meeting the competition
China's financial institutions have realised the need to apply best practice in managing risk, and have been implementing cutting-edge risk management systems. But there are challenges in obtaining reliable data, writes Clive Davidson.
Going underground
Eurotunnel
On an equal footing
Credit analysts
Rhodia: a chemical hazard
Credit of the month
Return of the loan market
Leveraged loans
Applied thinking
Profile
US regulators seek public comment on proposed treatment of expected and unexpected losses under Basel II
US regulators are seeking public comment on proposed changes to the treatment of expected and unexpected losses in the internal ratings-based approach of credit risk measurement.
CP3 comments: Any last words?
The comments elicited by the Basel Committee's third consultative paper (CP3) show just how little consensus exists between regulators and banks on the Basel II capital Accord. Dwight Cass highlights some of the telling comments.
Koch markets first volatility swap
Koch Supply & Trading, a division of energy conglomerate Koch, has marketed the first energy volatility swap in a deal with hedge fund Centaurus, a move the Wichita, Kansas-based oil trader hopes will increase its share in options markets and attract…
Breaking down the model
Brett Humphreys and Andy Dunn outline a method to help energy companies minimise potential model risk and thereby avoid costly errors in valuing deals.
Independent third-party to take over Trac-x imminently
JP Morgan and Morgan Stanley are in the final stages of negotiations to hand over their credit derivatives index product Trac-x to an independent third-party. The move will happen “within a matter of days”, Andrew Palmer, head of credit derivatives…
'A good deal for regulators and banks'
Paul Kupiec's article in the August issue of Risk – Does CP3 get it right? – raised a number of concerns about the application of Basel II to retail portfolios.
Banks get set to prepare feisty responses to the US ANPR
NEW YORK - US banks are going to hit back hard at the country's regulatory agencies in their responses to the advance notice of proposed rulemaking (ANPR).
The great gas price divide
Natural Gas
Eyeing the pricing
Natural Gas
Profiting from gas prices
Natural Gas
CFTC to sue AEP over false gas trades
Ohio-based utility American Electric Power (AEP) has been charged with reporting 2,800 false natural gas trades to energy price index companies, such as Platts, and attempting to manipulate natural gas prices. The charges, levied by the US Commodity…