Risk management
Shell: Nigerian oil and gas production is falling
Crude oil and gas production in Nigeria has fallen by around 30% over the past five years, following a slowdown in exploration and production activity in the country, says Ann Pickard, Shell’s regional executive vice-president of exploration and…
Romania bans OTC emissions trading to combat fraud
Romanian authorities have banned European Union carbon emissions allowances (EUA) in the over-the-counter derivatives market to prevent EUA tax fraud, after ruling that these contracts are now classed as equity securities and therefore can only be bought…
Market fears two-tier EU ETS post-2012
Following a lack of collective will to determine a binding agreement at the Climate Change conference in Copenhagen (Cop15), analysts say the West may take steps to either ban or restrict most Chinese certified emissions reduction (CER) credits in the…
Setting risk appetite: know what you want
OpRisk examines the practical application of the concepts of risk appetite, the risk ceiling and the risk profile, taking a broad look at who should decide risk appetite, how it should be articulated, in what context (and to what extent) and what the…
The EBRD pioneers in risk
The EBRD’s mission is to bring governance and funds to eastern Europe, and the way op risk figures in its strategy is different to any commercial bank. But it is no less challenging, say Mike Williams, the EBRD’s head of risk and compliance, and Julie…
Energy Risk: What's coming next?
Energy Risk brings you a snapshot of what's moving and shaking the markets.
Fund managers becoming bullish on hedge funds
Fund managers have largely bullish views on hedge fund investments over the next five years in a sign that confidence is returning to the market.
Pass the microphone: Humphreys to Strickland
In this new column, an industry professional interviews a market expert of their choice. Next month the interviewee becomes the interviewer and chooses who to interview. The series is kicked off by Brett Humphreys putting his questions to Lacima Group’s…
Credit risk: The early warning signs
While more bullish analysts may be forecasting a return to growth for global economies, the threat of corporate bankruptcies remains elevated. Julia-Victoria Dück, Oliver Rambock and Christopher Hansert suggest a method for spotting the early warning…
Curbing your risk appetite
When setting their levels of acceptable risk, do firms know how much is too much? Deepa Govindarajan introduces the concept of a risk ceiling and investigates risk appetite
The hidden risk
Risk is inherent in the use of spreadsheets within financial institutions but it has long been ignored. Now regulatory scrutiny into processes is spurring growth in the market for spreadsheet control solutions. Nolan Gesher explains why they are worth…
Defining liquidity risk
When will firms start realising that liquidity risk contains operational risk? David Benyon argues that companies ignore this link at their peril, and looks towards a more all-encompassing approach to its management