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Jaime Roman, risk managing director, Endesa, Spain

Jaime Roman is chief financial officer and risk managing director at Spanish utility Endesa. Holding a PhD in Electrical Engineering, he was in academia before being approached to join Endesa in 1997

What do you regard as the most significant development in risk management in recent times?

For the electricity markets I think a very significant development has been in taking the techniques from financial markets and adapting them to fit markets that didn't even exist a few years ago. The most obvious technique that's been taken from the banking sector was VAR (value-at-risk), but it's been

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