Energy firms rely on patched-up solutions for reporting
Wider benefits of Dodd-Frank and Emir reporting yet to be realised
Regulators have long criticised the over-the-counter derivatives market for being opaque, but after the 2008 financial crisis, many realised they had even less visibility into the market than previously thought. Consequently, the idea of forcing market participants to report their transactions was conceived as a way to improve regulatory oversight. But for some firms trading energy derivatives – including companies such as oil producers, utilities and commodity trading houses – the plans were
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