Energy firms under pressure to improve trade surveillance
Monitoring at most energy firms inadequate for regulation, say consultants
Energy firms are gearing up to improve their trade surveillance capabilities in light of increasingly stringent anti-manipulation rules and enforcement in the US and Europe, say consultants.
"Energy firms increasingly want a deeper understanding of their traders' actions and motives," says Sunilkumar Ramakrishnan, a London-based associate partner in IBM's energy risk management division. "They are realising that energy firms are being treated in the same way as banks, and will need to increase
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