Energy
Editor
"The FFA market offers enough arbitrage opportunities to have a hedge-fund manager in clover"
Powernext to launch spot carbon contract in late June
French electricity exchange Powernext will launch its delayed CO 2 emissions spot market on June 24, barring any technical or administrative difficulties among market members.
UBS expands energy group and starts trading oil in Canada
UBS Commodities Canada moved into larger Calgary offices in May to accommodate its expanding energy-trading team, including a shift into crude oil. The firm, part of investment bank UBS, has hired its first crude oil trader, its first options trader and…
DrKW launches retail carbon product
Dresdner Kleinwort Wasserstein has paved the way for private investors to gain exposure to the carbon emissions market with a new securitised product.
Spectron brokers first 'clean' spark spread
Energy broker Spectron has facilitated the UK’s first carbon-neutral, or 'clean', spark spread trade.
Editor's letter
Editorial
Gaining an edge through gimmicks
Marketing
CPSS issues payment report
REGULATORY UPDATE
NPR: under wraps, for now
US FRAMEWORK UPDATE
UK speeds towards Basel II implementation
REGULATORY UPDATE
The Biltmore Room
the restaurant review
Diligence overdue
underwriter liability
Crisis of correlation
Cover Story
German banks in mezzanine finance row
New angles
RiskNews
RiskNews
LDCE results show risk sensitivity in US banks, says Rosengren
NEW YORK – Initial results of the loss data collection exercise (LDCE) show that US Basel II banks are holding operational risk capital that is proportional to their losses, according to Eric Rosengren, senior vice-president at the Federal Reserve Bank…
ABN Amro expands commodity-trading team, opens Singapore office
Dutch bank ABN Amro has made several commodity trading and marketing hires in London and New York, and opened an office in Singapore.
Basel Committee calls for dialogue on ERM
MONTE CARLO – Ryozo Himino, secretary general of the Basel Committee on Banking Supervision, called on bankers and regulators to engage in a constructive dialogue to achieve the dream of real enterprise-wide risk management, in a keynote speech at the…
Barclays Capital in first Leba carbon index trade
Barclays Capital has completed the first financial carbon trade using the new Leba Carbon Index for "a significant volume" of EU emissions allowances.
Finian O’Sullivan
Energy Risk Annual Awards