Risk management
A sting in the tail
After recent financial turmoil, market participants are thinking much more rigorously about ways to protect themselves against the possibility of rare but extreme events. However, effectively hedging tail risk is not straightforward. By Mark Pengelly
Get to grips with liquidity
New liquidity risk measures due to be adopted in forthcoming international bank capital rules will present risk management systems with significant challenges. Christopher John Brickhill discusses some of the most pressing issues and offers potential…
IOR continues industry guidance programme
Industry body holds risk management seminars
Energy Risk: What's coming next?
Energy Risk brings you a snapshot of what's moving and shaking the markets with a special look at energy credit.
AIFM provision threatens to change the risk profile of depository banks
Article 17 of AIFM seeks to impose strict liability on depository banks that could have far-reaching ramifications for the industry
Cutting Edge: Measuring the risk of Financial Transmission Rights
In this month’s article, Ning Zhang proposes a semi-parametric approach to calculate the risk of FTRs/TCCs portfolios whose risk is hard to capture by using standard VaR methods. The major specialties of FTRs/TCCs – such as non-normality and seasonality …
Pass the microphone: Nodal’s Cusenza to LCH.Clearnet’s Grensted
In this month’s Pass the Microphone, Paul Cusenza of Nodal Exchange puts his questions to Simon Grensted, Managing Director, Business Development, at LCH.Clearnet
Interview: Darrell Duffie on credit risk modelling
Stanford University’s credit risk expert, Darrell Duffie, talks with Katie Holliday about changes in the modelling of credit risk within energy markets since the financial crisis
Tackling the credit insurance challenge
Credit insurance was one of the main risks for energy buyers in 2009 and looks set to stick around in 2010. Wayne Mitchell, head of corporate sales at npower, discusses how using an energy-trading approach can help energy suppliers and customers manage…
Risk managers gain new prominence in post-Lehman boardrooms
Pre-Lehman, risk managers used to occupy a place some way down the pecking order within senior management of banks and investment firms. The financial crisis changed all that.
Buy-side firms turn to tech vendors to address risk management failings
The past few years have shown the importance of robust risk management, but also highlighted shortcomings in the risk approaches of many buy-side firms.
A return to domestic inflation
Activity in Europe’s domestic inflation derivatives markets dropped away after the collapse of Lehman Brothers. Now, dealers report buyers and sellers are starting to return. But there is likely to be less warehousing of risk by banks and a greater focus…
A new VAR terminology
In the first of a four-part series, David Rowe considers the development of financial risk management over the past 25 years and offers some thoughts about its future direction
FIA recommends DMA risk management controls
A Futures Industry Association (FIA) report published yesterday aims to establish best practices in managing the risk surrounding direct access to exchanges.
Banks run eurozone crisis scenarios as Greece founders
With markets anticipating a Greek debt restructuring, bank traders and risk managers are preparing for a wider crisis that could drag in northern European countries, tip the euro into a tailspin or even threaten the eurozone’s integrity.
Liberal Democrats plan unilateral approach to bank pay reform
Lib Dem leader Nick Clegg has committed his party to punitive unilateral bank bonus regulations in the UK election race.
Credit data vendors focus on liquidity metrics
Vendors and their clients are focusing on the implementation of liquidity analytics to boost credit risk management
Recession has silver lining for GRC concept
Ideas about governance, risk and compliance are still evolving, but the downturn has provided a chance to put them into action.
Turning points: Chris Schlegel, risk manager with Southern Company
Chris Schlegel, risk manager with Southern Company, speaks to Lianna Brinded about the changing landscape for energy risk management amid the new global energy mix
BP and CNPC push forward in Iraq despite oil law uncertainty
BP and China National Petroleum Corporation (CNPC) have awarded a raft of other energy and commodities companies deals to start drilling and production in the lucrative Iraqi Rumaila oilfield, which they operate, despite the current lack of a petroleum…
Special report: India's energy derivatives market
Our Special Report for April focuses on India's nascent energy derivatives markets.