New Practices to Combat Credit Risk in Energy Trading

21-22 November 2016, Organized by Marcus Evans
Financials and Investment: Risk Management
Location: United Kingdom London
Date: 11/21/2016

Organizer: Marcus Evans
Tel: +357 22 849 308
Fax: +357 22 849 394

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With the default rate for high yield debt issued by US energy firms over the past 12 months hitting 5.3% in October 2015 the highest level since 1999 and within the exploration and production sub group this reached 9%, the fear of a systemic credit risk event in energy is on everyone’s agenda. With modelling of counterparty risk harder than ever, coupled with a potentially expensive regulatory environment in the form of EMIR and REMIT adding to the woes of falling oil prices, the sector needs to optimise credit risk management to fortify against potentially catastrophic counterparty defaults while simultaneously managing costs.

Deploying an effective collateral management strategy and understanding the cost of risk is more important than ever. Stress testing has become common place in the financial sector, however in energy much has to be learnt and a holistic path to stress testing adopted. Finally, data must be utilised in conjunction with credit management to achieve an integrated credit system that makes decisions based on reliable information rather than just the tradition credit ratings of credit agencies that are mediocre at the best of times.

Key Topics:
- Ensure you have the knowledge to implement an effective credit risk management strategy
- Explore the latest strategies and mitigation tools in combating credit risk
- Identify what a systemic credit risk scenario would mean for your business
- Understand the importance of integrated credit risk withdata management

Practical Insights From
- David Fisher, Head of Credit and Trade Finance, Shell Trading
- Dr Michael Jost, Head of Credit Risk Control, RWE Supply and Trading
- Amrendra Kumar, Head of Risk Management, Statkraft
- Jeff Taylor, Head of Credit, Gazprom Marketing and Trading
- Chaoxin Zheng, Head of CCR Stress Testing, Credit Suisse

For more information about this event please contact Ms Melini Hadjitheori, Digital Marketing & PR executive or visit the event website:

Financials and Investment: Risk Management

Gulf Oil and Gas
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