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Collector
Posts: 3836
Joined: August 21st, 2001, 12:37 pm

Re: norway

September 14th, 2018, 9:08 am

Trader blows €100m hole in Nasdaq’s Nordic power market

"One of Norway’s richest men has blown a hole of more than €100m in a stability fund that ensures the safety of derivatives-trading in European electricity markets."
 
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bearish
Posts: 3579
Joined: February 3rd, 2011, 2:19 pm

Re: norway

September 14th, 2018, 10:56 am

For the longest time I thought he was the soccer player. Very confused... 

If there were anybody in charge of risk management at the clearing house, they shouldn't be. If there weren't, well, then they should think about it. Of course, losses will be socialized among clearing members. Heaven forbid the clearinghouse itself should take a loss!
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