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Operational Risk Control with Basel II
book

Operational Risk Control with Basel II

by Dimitris N. Chorafas
November 2003
Intermediate to advanced content levelIntermediate to advanced
400 pages
12h 48m
English
Butterworth-Heinemann
Content preview from Operational Risk Control with Basel II
78 Operational Risk Control
Enron
Reliant Energy
Dynergy, and
Duke Power.
These four companies had bought up California’s power-generating plants under the
deregulation act passed by Congress in 1996. Enron was still a going concern in early
2001, and in an arrogant way it was leading the pack of speculators blackmailing
utilities in many parts of the US for power and natural gas. At the time, Enron’s
shareholders, bondholders, and lenders had no inkling of what was in store for them
a few months down the line.
In an effort to stave off the crisis which hit California as a result of management
risk, Gray Davis, the governor, held emergency meetings ...
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Publisher Resources

ISBN: 9780750659093