Dodd-Frank Act
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
Newcomer of the year: Huntington Bank
Huntington Bank’s newly fledged commodity hedging desk has flourished amid the retreat of larger dealers
Broker of the year: Evolution Markets
The New York-based environmental broker has benefited from its expansion into traditional energy markets
Derivatives house of the year: Citi
Bank wins with help of book purchases and willingness to take on trickier trades
Massad says CFTC is willing to hear energy firms’ concerns
In an exclusive interview at Energy Risk Summit USA in May, CFTC chairman Timothy Massad chose to highlight the agency’s willingness to hear industry arguments on issues such as trade reporting, position limits and record-keeping
CFTC steps up enforcement of data reporting violations
The CFTC has recently been flexing its muscles to ensure firms comply with data reporting rules, handing out fines to companies such as Ice, JP Morgan and Marubeni. The moves are raising fears that energy companies and other end-users may be targeted next
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
Energy scarcity warrants tough response to market abuse
Market manipulation is a problem that is controversial and tricky to define, but it must be taken seriously. That is particularly true in energy markets, where the optimal allocation of resources is more important than ever, argues industry veteran…
Highlights from Energy Risk Summit USA 2015
Exclusive coverage of the flagship congress for senior energy risk managers and traders
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
BNP Paribas's Flax calm about impact of regulation
Regulation is making life more difficult for bank commodity desks, but Catherine Flax, BNP Paribas's head of commodity derivatives for the Americas, is keeping a cool head
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
EU and US position limits will hit the wrong target
Dodd-Frank and Mifid II won't stop market disorder but will penalise hedgers
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
US record-keeping rule hits commodity derivatives end-users
Changes to CFTC rules following the US Dodd-Frank Act are forcing end-users to retain piles of pre-trade communications and other business records. The commission has moved to relax the burden on end-users, but companies are still grumbling about the red…
Energy firms hammer CFTC over position limits rule
The bona fide hedge exemptions in the CFTC's proposed position limits rule have come under attack from energy companies
Republicans in Congress set to push Dodd-Frank fixes
With Republicans now in control of both houses of the US Congress, energy firms and other derivatives end-users are hoping for new legislation to ease some of the more troublesome aspects of the US Dodd-Frank Act. Their optimism is justified - up to a…
Regulation makes data top concern for energy traders
IT teams are playing a vital role in helping energy traders comply with regulation, improve the quality of internal reporting and manage with lower technology budgets. But they face big challenges, particularly when it comes to integrating data
CFTC’s Bowen demands action on position limits
Time for CFTC to ‘bite the bullet’ on controversial rule, Democratic commissioner says
Goldman upbeat on commodities despite tighter regulation
Adapting to new rules and capital requirements is achievable, says Agran
CFTC urged to co-operate with EU on position limits
US rules should take effect simultaneously with Mifid II, argues FIA
Energy traders shun trade surveillance, survey finds
Result comes despite tougher rules on market manipulation and abuse