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Ferc ruling raises hope of greater regulatory certainty

Ferc and turf

gavelandscales

The US Federal Energy Regulatory Commission (Ferc) has been gripped by enforcement fervour over the past few years, pursuing a spate of anti-manipulation cases against banks and other major market players that have forced energy traders to sit up and pay close attention.

Big-name firms including Barclays, Baltimore-based Constellation Energy, Deutsche Bank and JP Morgan have all found themselves in the agency’s crosshairs over the past two years (see box). In November 2012, Ferc made headlines

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