Will CFTC's new powers lead to more market manipulation cases?
Law and order
America’s top cop for energy derivatives, the US Commodity Futures Trading Commission, has a spotty track record of catching market manipulators. In its nearly four-decade history, the CFTC has successfully prosecuted only one manipulation case; many more have ended in settlements, with no admission of wrongdoing and financial penalties rarely larger than $20 million.
Perhaps that is all well and just. Traders argue that truly manipulative schemes – such as the Hunt brothers’ infamous plot to
More on Risk management
Managing extreme volatility in commodities
Persistent volatility requires a rethink of technology architecture, says Murex head of market risk practice
Commodity volatility prompts a rethink of risk frameworks
Commodity market volatility is exposing the cracks in firms’ risk management frameworks and policies
Asian banks close out energy clients as Iran war bites
Firms with short jet fuel positions faced losses up to $100 million as initial margin soared 566%
How AI agents can join the dots for risk managers
Citi risk expert outlines agentic AI tool that would pull together structured and unstructured data on trading and lending approvals to create single, unified view of risk
In Iran war, VAR models ease cliff effect on Ice and CME margins
At 105%, EEX – using Span model – saw largest single-day jump compared with those CCPs
Newcomer of the year: Abaxx Exchange
Energy Risk Awards 2026: New exchange sets out to modernise commodity derivatives by aligning them to physical markets
AI project of the year: SOCAR Türkiye
Energy Risk Awards 2026: Risk team harnesses AI to transform RCSA into a scalable, sustainable and internally owned capability
Data, cyber and model risk top IT concerns for risk managers: survey
Energy Risk software survey reveals risk managers’ tech pain points and plans
