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Enron

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  1. Looking back: El Niño boosts weather derivatives

    One swap was conducted recently between Houston-based energy company Enron and Pittsburgh-based WeatherWise USA, which since last year has provided services to reduce weather-related financial risk to residential and business customers.

  2. The secrets of successful energy trading firms

    Houston-based Enron dramatically filed for bankruptcy in 2001, but for more than a decade the company was known for producing excellent traders and coming up with fresh ideas. Enron's erstwhile presence in the market continues to be felt through...

  3. Obstacles in the UK power market

    However, the subsequent fallout from the collapse of Enron prompted a major drop in volumes. Following the introduction of the New Electricity Trading Arrangements (Neta) in 2000 and Enron’s brief role as a market maker, the market experienced a...

  4. Energy companies face up to clearing requirements

    One participant points to the collapse of Enron in 2001 to show the energy and financial markets are distinct. The Enron failure did not affect the security of energy supplies; not a single light went out after that collapse and it had no systemic...

  5. Clear and present danger

    If banks lent money to Enron and Worldcom based on fabricated (a fancy word for fraudulent) financial statements, was this really a credit event (and a market/price risk event for losses on investment in, or held-for-sale transitory ownership of...

  6. Credit fund looks set for another good year

    The technology bubble burst, Enron and WorldCom destabilised markets. This led the fund to decide to list on the London Stock Exchange, something he believes makes Liontrust one of the most transparent – and best known – credit funds around.

  7. Profile: Conrad Hewitt

    The collapse of Enron in 2001 brought the spotlight onto the previously obscure issue of financial accounting standards. Now, as the Securities and Exchange Commission's chief accountant, Conrad Hewitt, prepares to step down this month, the...

    Published
  8. Credit ratings newcomer hires ex-S&P president

    WCI), which were an early signal of the subprime crisis, Pilgrim's Pride, Circuit City, VeraSun, Bear Stearns, LyondellBasell, as well as earlier alerts on Enron, Parmalat, Ford, US Steel and many others.

  9. Firms are neglecting fraud risk management, says survey

    Sox – the regulatory offspring of the 2001 Enron scandal – is commonly credited with being one of the more punitive examples of regulatory legislation, attracting considerable industry criticism for alleged competitive disadvantages it has created...

    Published
  10. Financial directors personally liable for financial control failings, says BCS

    This can leave senior directors increasingly at risk amid the growing demands for transparency in the post-Enron environment. Daily news headlines LONDON – Senior financial directors at investment banks are increasingly at risk of being personally...