Europe
Deal of the year: Engie
Energy Risk Awards 2018: By targeting smaller players in mature basins, Engie creates a structure ripe for replication
Electricity house of the year: Engie
Energy Risk Awards 2018: For global energy firm focus is on anticipating client expectations, not just market trends
Consultancy of the year: d-fine
Energy Risk Awards 2018: Quantitative and technological know-how combine to improve performance for clients of German consultancy
The changing face of European power trading
Large pools of data, an abundance of cheap and powerful computing capacity, the rise of renewables, and the development of the smart grid are having a significant impact on European power and gas trading. New and interesting developments continue to…
Risk transformation of a zero-subsidy wind portfolio
Joaquin Narro analyses the hedging of a hypothetical zero-subsidy wind portfolio with base load products in the futures markets, in a situation that is becoming increasingly relevant to the portfolio managers of wind farms, due to the decline of the cost…
European renewables turn to corporates as states retreat
Can corporate PPAs help smooth European power market transformation?
LME CTO leaves, Cogolludo to head Citi commodities, and more
Citigroup's commodities head departs for Hong Kong, Goldman commodities franchise head moves to Citadel, and more
Speculators flock back into the EU carbon market
EU reforms trigger carbon rally set to last through 2018
Brexit issues for carbon market must be solved soon
UK departure from EU ETS is causing headaches for energy traders and risk managers, writes energy consultant
BAML hires new US head, Ice names model risk head, and more
Ice hires new director of model risk management, EEX appoints senior manager of agricultural commodities, new chairman of Baltic Exchange Advisory Council, and more
Trade surveillance shouldn’t deter traders
Monitoring costs are forcing commodity players from market participation. It doesn’t have to be that way, say consultants
People: Shell’s Quartermain replaces Muller
Other moves at Morgan Stanley, Gunvor, Macquarie and others
OTF uncertainty adds to Mifid II guesswork
Commodity firms need clarity on new type of venues to adjust to imminent rules
Lack of transposition to delay Mifid II enforcement
Some states won’t have adopted directive before June, making rule-imposition difficult, say lawyers
Mifid II position limits regime faces non-EU reporting woes
Position reports will contain “meaningless information”, experts warn
Are failure indexes fair play?
Regulators must clarify stance on trading off big-data forecasts of outages, writes energy consultant
CFTC need not walk the talk on swap data harmonisation
Global compatibility of data fields may be an unnecessary burden to put on an already-stretched industry
Onus to check swap data should be on counterparties – SDRs
CME, Ice and DTCC oppose duty to reach out to non-reporting party for data verification
EU market feels chill of still-unknown position limits
Eventual caps unlikely to hit trading, but fears remain over lack of clarity
China to model financial reforms on Mifid II
Exchange chief tips authorities to review position limits and transparency in OTC markets
Energy and commodities voice broking will never die
Over-the-counter markets have been under siege in recent years. They won’t disappear, writes Mark Earthey
Commodity position reporting: XML, email, or fax?
Asymmetry in European regulator tech abilities could add to market’s workload
Esma releases first crop of position limits
Regulator moving away from publishing all limits in November
Esma adviser says position limits to be published in Nov
Task force member warns of market “disorder” in tight window before Mifid II goes live