This paper considers three significant risks being faced by the international banking system: sovereign debt, credit default swaps, and a protracted economic recovery in advanced economies. Due to increased globalization and the interconnectedness of banks and other financial institutions...

Using archival data, this paper presents the results of analyzing a sample of twelve primarily oil and gas, western Canadian energy firms and their use of financial derivatives to manage commodity price risk. The firms range in size from small to large based on total assets. All twelve companies...