Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers Source: Risk feed

In 2019, more than half of the jet fuel consumed in the United States was consumed in California, Texas, Florida, New York, Illinois, and Georgia, according to the U.S. Energy Information Administration’s (EIA) State Energy Data System. These states are…

Oil major will adopt Isda protocol as “insurance policy” despite hedge accounting concerns Source: Risk feed

Commodity traders – as well as most other traders – tend to be risk averse. That is to say, they prefer situations with low uncertainty over situations with high uncertainty. Or better yet, no uncertainty at all. However, in economics…

Zug, 27. January 2021: Previse Systems announced today that Norlys Energy Trading has chosen Previse Systems as their partner for the delivery of its Core ETRM platform, which will be based on ChorusLink, Previse Coral and the Coral Ecosystem. Norlys…

Banks target Q2 support for client cross-margining following lengthy lobby effort from hedge funds Source: Risk feed

Austin, TX (January 26, 2021) — Enverus, the leading energy SaaS company, has announced that Manuj Nikhanj will become its new president, where he will be responsible for executing the company’s vision as a leader and innovator in the energy…

Synthetic Libor powers set for spring consultation as fallbacks become effective and IBA analyses cessation feedback Source: Risk feed

Key facts Through the first two weeks of the newest round of the SBA’s Paycheck Protection Program (PPP), FIS has facilitated nearly $8 billion of PPP loan applications for more than 63,000 merchants and small businesses. Powered by new self-service…

A group of African banks has signed a US$194mn senior debt facility to rehabilitate the Beitbridge border post, a crossing that connects Zimbabwe and South Africa. Rand Merchant Bank (RMB) acted as co-ordinating bank and sponsors’ advisor and, along with…

Objective, accurate and transparent technology platform poised to become the new standard in ESG benchmarks and scoring Austin, Texas (January 26, 2021) — Enverus, the leading energy SaaS company, has released ESG Analytics, an objective, accurate and transparent evaluation standard…

Several European lenders have vowed to cut financing immediately for crude oil trade transactions in Ecuadorian parts of the Amazon rainforest, environmental campaigners have revealed. Campaign groups Stand.earth and Amazon Watch say in a new report that BNP Paribas, Credit…

KPMG has resigned from its role as independent auditor to Triterras, amid accusations that the Singapore-based fintech misled investors over transactions on its blockchain platform Kratos. In a filing to the US Securities and Exchange Commission (SEC), Triterras says it…

Austin, Texas (January 26, 2021) — Enverus, the leading energy SaaS company, has released ESG Analytics, an objective, accurate and transparent evaluation standard for environmental, social and governance (ESG) benchmarks and scoring for the energy industry. As the topic of…

Some hedge fund holdouts remain amid 12,000 signatories Source: Risk feed

Insurance firm AIG has hired Corine Troncy as global head of trade credit. In her new role, Troncy will move to London from Stockholm, where she is located on an interim basis. Her appointment came into effect on January 25….

SaaS stands for Software as a Service; it is a delivery and licencing model that allows users to access their software over the Internet. A SaaS CTRM is a software application where users access their commodity trading risk management, or…

Murex, the global leader in trading, risk and processing solutions for capital markets, is thrilled to announce that for the second consecutive year it has been ranked as one of the Top 5 organizations to work for in France by Glassdoor. The Glassdoor 2021 Best… Murex…

Dutch e-trading firm joins OTC FX options platform in a market taking electronic baby steps Source: Risk feed

SRD II proxy solution from Broadridge has enabled Cecabank to broaden its services to satisfy incoming regulation deadline from the Spanish government. To broaden its services related to new mandatory obligations under the updated Shareholder Rights Directive (SRD II) Cecabank S.A., one……