Clearing the way

The Futures and Options Association has called on UK power market participants to come forward to help develop the market's structure. Chris Cook proposes an enterprise model that aims to overcome the obstacles to co-operation

The UK wholesale electricity market is broken – liquidity has been declining for years and structural reform is necessary. This was the conclusion of the Power Trading Forum (PTF) of the UK's Futures and Options Association (FOA) last year. Since the PTF comprises the active market participants, they were both willing and able to take action, resulting in the issue of a request for proposals (RFP) dated June 13.

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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