The world is transforming before our eyes. New market realities at play for energy risk managers were unthinkable before the emergence of COVID-19 and risk management has never been more important to energy and commodity traders. From 2020 onward, the people who analyze price risk will throw away their old playbooks. Risk analysts must push boundaries to protect their companies from the unforeseen risks and drastic price volatility that comes with surviving the market conditions of a pandemic. DOWNLOAD THE E-BOOK: MITIGATING FORWARD CURVES RISK THROUGHOUT & AFTER A PANDEMIC When COVID-19 first spread across the globe, companies transitioned to remote trading operations. Workforces are now acknowledging that employees will have more flexibility to work remotely—or some hybrid of remote and in-office—for the foreseeable future. IT departments are stretched especially thin and forced to put projects on hold. The new working environments have exposed antiquated curves and dataflow processes managed out of Excel. On top of that, many shops have only one or two key people that know the ins and outs of that process—a big risk. Data lineage issues could completely throw off an entire system if a formula or data point is off in any way. Now that… continue reading
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Source: CTRM Center