Is a proposed solution to energy-trading woes too little too late?
The Committee of Chief Risk Officers (CCRO) representing various utilities and merchant...
Capital Reserve Margins: Hardly Adequate
- According to insiders, the $80 million loss in February 2003 that caused Reliant Resources to shutter its speculative trading operations was caused by greater than a seven standard deviation price movement. Also, "Reliant Resources to Join Trading Market Exodus," Houston Business Journal, March 10, 2003.
- The New Basel Capital Accord, Section 396.
- NAIC Model Actuarial Opinion and Memorandum Regulation and New York Regulation 126.
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