Opinion/Risk management
Where to from here?
Editor Victoria Tozer-Pennington reviews the op risk events from the month that range from volcanic ash clouds to civil fraud.
Aligning the interests of trading desks and refineries
The interests of trading desks may not always be aligned with the best interests of a vertically integrated company’s assets. Charles Ford discusses some approaches that address this issue
The problem is severity
Financial reformers talk endlessly about the too-big-to-fail problem, but they often fail to address the heart of the issue, argues David Rowe
Crossing the chasm
Existing risk management information systems proved too fragmented and cumbersome to meet the requirements of decision-makers during the crisis. David Rowe argues that a major reappraisal is required
Piecing things together post-Copenhagen
Abyd Karmali, global head of carbon markets at Bank of America Merrill Lynch, gives Pauline McCallion a first-hand account of the December 2009 UN climate change talks, discussing the likely future impact on global carbon markets
Where to now for the carbon markets?
The Copenhagen climate talks, widely dismissed as a failure, did achieve certain things. Olga Gassan-zade and Kristian Tangen of Point Carbon analyse what the conference means for emissions trading from here
Placing the UK's green energy
The UK’s ambitious renewable energy targets raise questions about how new electricity generators will be connected to the grid and how costs should be spread between system operators and generators. Neil Cornelius and Etienne Gabel look at the latest…
Hammers and nails
Excess regard for the techniques we know can lead to these methods being misapplied. Risk managers too often fall into this trap, argues David Rowe
Revenge of the economists
Having left full-time practice as a business economist more than two decades ago, David Rowe argues that the profession is poised for a resurgence
MCEV provided reliable company values in recent economic turmoil argues Allianz’s Tom Wilson
The emergence of market-consistent embedded value has proved challenging for insurance traditionalists, but Tom Wilson, chief risk officer of Allianz, argues that not only has it provided an accurate reflection of shareholder value in the recent volatile…
UK energy policy: time for change?
UK energy policy could be set for a shake-up next year, with a change of government looking likely, and security of supply and green issues at the fore, writes Lawrence Haar
Copenhagen: Derailed by hot air?
There is a skeleton in the Kyoto Protocol’s closet, and it has the potential to spook the Copenhagen talks, says Andreas Arvanitakis of Point Carbon