Exchanges
CME launches snow derivatives
The Chicago Mercantile Exchange (CME) will list snowfall futures and options from February 26 on its Globex electronic trading platform.
MiFID support high, despite the costs
In the first of a new series of articles surveys exploring in more detail the inner workings of the op risk and compliance disciplines, Georgina Kenyon examines the results of a recent survey into the controversial MiFID directive
BarCap takes eFX options trading to the next level
Barclays Capital has become the first dealer to launch live two-way streaming tradable prices for FX options, which will be rolled out to its clients during the coming months on its proprietary platform Barx.
A case for convergence?
With Basel II regulatory capital becoming increasingly more risk-sensitive, the value of a separate economic capital system must be questioned. Christopher Hall of Risk Advisors considers the differences between economic capital and regulatory capital,…
Challenging the giants
Energy and commodity rankings 2006
Price rise = price risk
Mergers and acquisitions
In defence of Gazprom
The Russian gas giant's recent price dispute with Ukraine has not given it the best start to the year, but the cat calls of political bullying are not deterring Gazprom's European customers, writes Oliver Holtaway
Correlation - The energy price factor
Navneet Arora provides empirical evidence that significant correlations exist between the movements of commodity prices and the credit quality of firms in the energy sector
Questioning dollar cost averaging
When implementing a hedging strategy, the popular dollar cost averaging approach may sometimes be less prudent than the lump-sum method for managing energy risk, writes Tim Simard
Europe goes nuclear
Proposals to build new nuclear power plants in the Baltic states and Poland are gathering pace, finds Maria Kielmas
Commodities Count 2006
The recent swell in energy market participants means the battle for dominance has never been fiercer, but the increased competition means ever-more sophisticated product offerings, finds Stella Farrington
A comeback for coal
With gas prices soaring, it seems inevitable that coal - the Cinderella of energy resources - is bound to return to the forefront. But how long will it last? asks Eric Fishnaut
Credit - Energising credit
Traditional credit instruments can be used to mitigate credit risk in the energy sector, despite the unique risk management challenges, says Chris Coovrey
Winner: Telefonica
Every month Credit recognises the most innovative financing solutions in the debt capital markets. This month Telefonica, Axa Investment Managers' Opus CDO I and Oracle Corp
ABS market welcomes synthetic index launch
The new ABX indices are based on the sub-prime home equity sector
Securitisation market pulls together
Best Practice
Isda launches Mandarin/English finance glossary
The glossary of collateral terms aims to help in Chinese risk management
Fears over MiFID legal structure
REGULATORY UPDATE
Exchange status 'will reduce conflict of interest', says Nasdaq
REGULATORY UPDATE
Understanding annuitisation
Review
The VA challenge
Variable annuities
The CPPI conundrum
Long-dated options
The importance of being prudent
Regulator Q&A: Florence Lustman