European Commission (EC)
Regulatory concerns top agenda at Energy Risk Europe conference
Speakers at the annual Energy Risk Europe conference said the industry faces a range of serious challenges, including new legislation, supply constraints and volatility generated by renewables. Report by Gillian Carr and Jay Maroo
EIB to sell 300 million carbon units
European Investment Bank plans to sell 300 million EU carbon allowances
Falling oil prices and Greek crisis a boon to carbon traders
Carbon allowance trading hits all-time high in June as analysts downgrade predicted average ETS Phase 3 price to €22 per tonne
Report recommends ways to tackle energy market manipulation
A new report has suggested a framework for identifying market manipulation, arguing further clarity will boost market liquidity
Position limits will feed risk into real economy, say energy companies
Energy market participants have expressed doubt that European position limits proposals will achieve reductions in market volatility, and warned of unintended consequences for end-users' risk management
CME slams potentially stricter position limit rules
CME Group chief executive slams proposed position limit regulations as “unnecessary”
EC tightening of carbon spot market could threaten forward market
Industry experts are wary of European Commission proposals intended to bring additional safeguards to the spot market
EU financial rules consultation raises industry concerns
The European Commission has recently distributed its industry consultation on the expected changes to Mifid’s legislation. Alex Davis asks if the energy sector should be alarmed
EU quells dual-reporting fears over energy market proposals
EC makes sure dual reporting will not be an issue in latest energy market regulation proposals
EU proposals leave energy firms cold
September saw the first draft proposals on new EU financial markets regulation. With these running parallel to the energy market’s regulatory changes long in the pipeline, Alex Davis examines the worries for the industry
Regulatory changes push OTC energy and commodities markets to Asia
The over-the-counter energy and commodities market is being pushed to Asia by fears over Western regulatory changes, says managing director of technology provider Trayport
Data governance under the regulatory microscope
As regulatory scrutiny becomes more intrusive and demanding, energy trading firms need to make sure their control, governance and compliance functions are up to scratch and that their data is properly managed, up-to-date and available. Rakesh Singh and…
EDHEC-Risk slams France on commodity derivatives regulation
Influential risk management and analytics business school, the EDHEC-Risk Institute, has criticised France for its hardline approach to commodity derivatives market regulation on lack of evidence
France to tighten commodity derivatives regulation
France has warned the European Commission that it will tighten its commodities derivatives regulation to prevent the risk of big swings in commodities prices
Brokers establish own carbon trading risk tests
Carbon brokers establish their own checks for assessing counterparty risk, following European market authorities’ failure to react to a spate of carbon market fraud.
Singapore bids to be Asian derivatives and clearing hub
As trading regulations and central counterparty (CCP) clearing becomes a reality for the global derivatives market, Lianna Brinded investigates whether US and European firms will take their energy and commodities business to Singapore
Nabucco could be postponed to 2011
Future Western European gas supplies could be at risk, as the Nabucco pipeline, which is designed to relinquish the European Union’s dependence on Russian gas imports, maybe delayed until the start of 2011
Delay of aviation EU ETS inclusion ‘unlikely’
Experts doubtful over a delay to aviation's entrance into the EU ETS due to the volcanic ash cloud, after Lufthansa CEO calls for delay until 2013
Volcanic ash cloud could reduce airlines’ carbon allowances
Market experts have warned that last week’s Europe-wide flight disruptions, following the volcanic ash cloud precaution, will affect the aviation industry’s carbon allocations under the European Union’s Emissions Trading Scheme (EU ETS) from 2012.
CBI: Quarter of UK power plants face closure
Independent business lobby group the Confederation of British Industry (CBI) has warned the latest draft of the European Union Directive for Industrial Emissions could force at least a quarter of the UK’s power plants to close, which would raise a major…
EC’s Nabucco pipeline payout a small step in right direction
The European Commission’s announcement of a €200 million payout to the Nabucco pipeline has been welcomed by European utilities, but some experts point out it is only a tiny fraction of the estimated total cost of €7.9 billion.
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