The evolving credit function
The role of the credit function at energy companies is likely to change enormously in the coming months. Are companies ready and how will the changes impact the risk management function? Anna Reitman and Pauline McCallion report
The credit function at energy companies looks set to undergo revolutionary changes over the next couple of years.
As regulators around the world attempt to shine a light on the derivatives market, fears abound around declining dealer participation, lower liquidity and increased costs due to greater margin requirements.
As the ongoing drive away from non-cleared to cleared trades could represent a significant increased cost to trade, credit departments will need to work out how best to optimise
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