Energy
A natural standard
Natural Gas
A poor standard
Natural Gas
Where gas is keener
Natural Gas
Natural gas
Natural Gas
Source for the goose? By John Thirlwell, Orff
Industry Comment
Risk analytics for the buy side
Feature
The central bank of sterling volatility
Cover Story
Wachovia expands its fixed-income business
Bank profile
Regulation and economic capital spark debate
Risk Europe 2004
Calming supervisory fears
Regulations
Nymex introduces trading in western electricity futures
The New York Mercantile Exchange (Nymex) is to introduce trading in four western electricity futures contracts, based on Dow Jones Electricity Indexes, on its ClearPort electronic platform beginning with the June 4 trading session, which starts at 3:15…
Tweaks to op risk in Basel II in pipeline
The Basel Committee on Banking Supervision announced in mid-May that it would delay the implementation of the advanced measurement approach (AMA) for op risk, as well as the advanced internal ratings-based approach for credit risk, until the end of 2007…
The Mystery Behind the Numbers
A host of recent compliance regulations in the US and the UK has shined yet another light on the need for clean reference data.
No More Fake IDs
As the economy recovers, financial firms are looking for technical advantages that increase top-line revenues as well as manage costs.
Sarbanes-Oxley: The costly road to compliance
Some companies are looking to get a better return on their investment in Sarbanes-Oxley compliance by making it part of a larger exercise that looks at firm-wide processes and controls, and not just those surrounding financial reporting, writes Clive…
Nymex to clear contracts on OTC oil and gas options
The New York Mercantile Exchange (Nymex) and broker Icap are set to launch an electronic market in options on oil and gas inventory statistics. The over-the-counter options will be offered through an auction process and cleared by Nymex.
Price reporting is improving, says CCRO director
Confidence in the energy markets is returning partially thanks to an improvement in the price reporting practices of energy companies, according to Robert Anderson, executive director of the US-based Committee of Chief Risk Officers (CCRO).
Fed proposes tighter regulation on trust-preferred securities
The US Federal Reserve has proposed a rule to retain trust-preferred securities (TPS) in the tier-one capital of bank holding companies (BHC), but with stricter quantitative limits and clearer qualitative standards.
Reliably informed
Pat Wood, chairman of US interstate energy regulator the Federal Energy RegulatoryCommission, talks to James Ockenden about reliability, regulation, and wherenext for the competitive market in the US
Price wars
Ferc is preparing to analyse the results of its survey on energy price reporting.But the American Public Gas Association is concerned that a voluntary reportingscheme cannot guarantee reliable indexes. By Paul Lyon
Heroes or cowboys?
Banks and energy companies alike are sceptical about the role that hedge fundsplay in energy markets. Are they really an aid to market stability, or is theirpresence compounding market volatility? Paul Lyon reports
The cost of optimism
Petroleum engineers and financial regulators have never spoken the same language,as the recent Royal Dutch/Shell debacle has shown. And this has led to confusionover state oil reserves. By Maria Kielmas
Fair weather future
Judging from the success of the weather risk market in the Asia-Pacific region,the Chicago Mercantile Exchange couldn’t have picked a more opportune timeto launch Japanese weather futures. By Paul Lyon