TITLE

Follow the money

AUTHOR(S)
Sinclair, Duncan
PUB. DATE
June 2010
SOURCE
Utility Week;6/11/2010, Vol. 32 Issue 21, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article points out lessons that energy firms can learn from risk measurement and control from the credit crisis. It cites the failure of boards and senior management to adequately understand their portfolio risk exposure and capital requirements as one of the biggest threats to individual financial institutions. It notes that the Enron affair showed the energy market's robustness and ability to withstand major individual company failures and systemic failures. It also notes the threat posed by corporate governance shortcomings to the energy sector.
ACCESSION #
51672081

 

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