Commodities
Kaminski: discounting for energy swaps ‘a big mess’
Energy Risk USA: most energy firms still prefer Libor for discounting
Energy Risk Awards 2017: The winners
SocGen, Citi and BP among those recognised as commodities markets stabilise
Consultancy of the year: PwC
Energy Risk Awards 2017: PwC's world-class capabilities felt across commodities
Ferc’s Collins dismisses algo trading fears
Energy Risk USA: surveillance chief says HFT is yet to take hold in the power and gas markets
Managing energy market volumetric risk
Krzysztof Wolyniec presents a volumetric risk management model for energy markets
Redemptions focused within strategies suffering losses in 2016
Redemptions focused within strategies suffering losses in 2016
Mifid malfunction: Brexit breaks data foundations
Removing the UK from EU markets could derail new European trading and transparency rules
Natural hedges: swapping the City for New Zealand
After a decade in forex sales, Tony Beard now advises a Maori tribe on hedging
People: Morgan Stanley sees raft of commodities exits
A number of senior bankers across Morgan Stanley’s commodities and energy lending units in the US are leaving the bank
Commodities traders question EU’s insider trading regime
Esma guidance on Mar leaves market in the dark, say critics – particularly for hedges
Energy firms given second escape path from Mifid II
Revival of capital test "a workable solution" for asset-heavy companies
A pairs trading strategy based on switching-regime volatility for commodity futures
A pairs trading strategy can give a larger Sharpe ratio with respect to classical methods
CSRC: commodity futures speculation not moving spot prices
Eye-watering one-day moves on China spot commodity markets due to “supply and demand”
‘Wrong type of liquidity’ spells trouble for energy hedges
Cyclical lull conceals structural shift as liquidity becomes shorter-dated and more flighty
Asia data provider of the year: GlobalView
Data provider aims to disrupt with enterprise-wide solution and emphasis on integration
Asia commodity finance house of the year: Societe Generale
SG CIB makes Asia renewables expansion the cornerstone of its commodity finance business
Base metals dealer of the year: BNP Paribas
French bank expands hedging and finance solutions to mainland China
Asia CTRM and ETRM software house of the year: OpenLink
OpenLink enters new market segment with RightAngle Xpress
On the role of structural breaks in identifying the dynamic conditional linkages between stock and commodity markets
In this paper, the authors explore the time-varying linkages between two strategic commodities covering the energy sector (crude oil and natural gas) and the QE Al Rayan Islamic Index over the period March 15, 2011–December 25, 2014.
Commodity volatility, skew and inverse leverage effect
Krzysztof Wolyniec on leverage effects and volatility in commodity markets
Big losses force banks to rethink energy lending
Unfunded loans and exposures to suppliers worry credit risk managers
Energy firms fear liquidity void if US capital proposals hit banks
Trades ‘wouldn’t be anywhere near making sense’ for banks
Hidden risks for corporates in renewable energy PPAs
Buyers face load, covariance and basis risks in typical agreements
Position vacant: unpicking energy’s hidden contract risks
Complex, long-term supply deals present job opportunity for risk managers