News
Video: FCStone calls for balance in capital and margin rules
The CFTC must balance the needs of stability and market liquidity in its US Dodd-Frank Act capital and margin rules, says INTL FCStone's global head of risk in a video interview at Energy Risk Summit USA
Video: E.on North America compliance head praises CFTC shift
The head of legal and compliance for E.on Global Commodities North America says the CFTC is being more receptive of end-user concerns in a video interview at Energy Risk Summit USA
Energy firms praise Republican Dodd-Frank fixes
Industry groups are hopeful that a bill passed by the Republican-controlled US House of Representatives to ease the burden of Dodd-Frank on end-users will survive the threat of a presidential veto
Video: Prices and regulation posing challenges, says NRG's Mackey
Glenn Mackey, CRO of NRG Energy, says low commodity prices and new rules are major concerns in a video interview at Energy Risk Summit USA in Houston
Video: CTRM vendors weigh in on changing demand from energy firms
Vendors cite the impact of lower oil prices, M&A activity and financial regulation
New rules 'redefining' commodities market – Citi’s Staley
A surge of regulation and the recent slump in oil prices are the two biggest trends in commodity derivatives, says Stuart Staley, Citi's head of global commodities
Price reporting veteran set to leave Platts
Goldman makes top-level changes; APX CEO to step down; Citi hires JP Morgan risk head; Calpine hires Goldman’s Griggs; Neas adds in power and gas
Energy groups fight back on key Mifid II exemption
Energy industry groups are pushing for “sensibly higher thresholds” to prevent themselves from being subjected to financial rules under Mifid II
Citi acquires Texas power trading book from Barclays
US bank continues aggressive push into commodities by buying Barclays’ Texas power book, after similar purchases of trading books from Deutsche Bank and Credit Suisse last year
Barclays ruling bolsters Ferc anti-manipulation drive
Ferc has won a key motion in a $470 million manipulation case against Barclays, which strengthens the regulator's hand in other enforcement actions
CFTC admits it will miss deadline on swap dealer study
A delayed CFTC study is raising questions about an automatic cut to the de minimis threshold for swap dealer registration planned for December 2017
Kraft allegations raise concern among energy end-users
A CFTC complaint against the successor firms of Kraft Foods is a good indicator of how it might deal with end-users holding dominant positions in other markets, say panellists at Energy Risk Summit USA
US energy firms lament liquidity 'void' after bank exits
The retreat of banks from commodities has caused liquidity to dry up, making it much tougher to hedge, say participants at Energy Risk Summit USA
Data doesn't support CFTC on position limits, Giancarlo says
Proponents of the CFTC's proposed Dodd-Frank position limits rule are ignoring "the reality of the data", Republican commissioner Chris Giancarlo says at Energy Risk Summit USA
CFTC’s Massad woos energy firms with Dodd-Frank fixes
US Commodity Futures Trading Commission chairman Timothy Massad stresses the agency will smooth out flaws in the agency's Dodd-Frank Act rules, but sidesteps a question over whether they were rushed
Massad sees exchange role in policing CFTC position limits
US exchanges could stay in charge of granting bona fide hedge exemptions to end-users as part of the new federal position limits regime, CFTC chairman suggests
Bulgaria power market faces challenges, conference told
Bulgaria's electricity market is being hampered by poor transparency, export fees and market structure, heard delegates at Energy Risk Balkans
CFTC sent special calls by mistake, Giancarlo says
Hundreds of special call letters were sent to end-users of over-the-counter derivatives in error, CFTC commissioner Chris Giancarlo says
Financial trading worsened oil plunge – Risk.net poll
Most respondents to a recent Risk.net poll say paper trading had some impact on the recent decline in crude oil prices, but disagree about how much
IEA, IEF and Opec probe role of markets in oil crash
The impact of US shale oil, financial speculation and bank commodity exits was high on the agenda at a joint meeting held by the IEA, IEF and Opec in Vienna
Oil indexation battle continues despite oil collapse
Europe’s utilities are still pushing for hub-based natural gas prices amid the recent collapse of crude oil
End-users press Congress for Dodd-Frank fixes
US commodity firms blast the CFTC over hedge exemptions to position limits, as Congress launches the process of writing legislation to reauthorise the agency
Vitol veteran Preston joins energy brokerage
Cornerstone Global Commodities builds its new commodity financing business with addition of Vitol’s Africa business development head
EU commodity position limits too cumbersome, firms say
Firms argue that EU commodity derivatives position limit proposals under Mifid II are bad for end-users and the energy market