Enterprise risk
Ending Emir hedge exemption conflicts with Mifid II, firms say
EU energy firms warn Esma’s proposal to scrap the Emir hedge exemption would introduce a glaring inconsistency between Emir and Mifid II
Staying agile and fit for purpose in commodity financial systems
Commodity houses are searching for more sophisticated ways of enhancing their risk management systems. Instead of tearing down the old order, or duplicating systems across services, Amine Chbani, head of commodities business development at Murex,…
Commodity traders cheer CFTC record-keeping fix
Regulator softens Dodd-Frank rule that energy and agricultural commodity traders had complained was burdensome
Building and protecting the IT architecture of the future
Rapid advances in technology have brought about new challenges in the fields of cybersecurity, compliance and regulation. Peter Morrison, Strategy and Architecture, BP (Singapore), explains why large businesses should consider hiring an IT architect, and…
Energy traders hit back at French regulator over interview
Industry group blasts AMF official’s stance on Mifid II commodities provisions, bemoans regulators for being “deaf” to industry concerns
Shell may shift trading to US or Singapore over Mifid II
Oil major Royal Dutch Shell is exploring “all possible options” for compliance with Mifid II, including migrating trading activity to countries outside the EU, a company official says
Oil rout sharpens energy companies' focus on credit risk
With defaults in the energy industry at their highest level in 15 years, firms are increasingly nervous about the credit standing of their peers. That has put pressure on credit teams to improve their counterparty assessments
Embattled commodity trader Noble Group loses CFO
Mercuria hires two Goldman managing directors; GDF Suez Trading hires ex-Citi oil traders; Cargill CRO set to retire; ex-Scotiabank trader resurfaces at Canadian oil firm
US spoofing crackdown is a case of misplaced priorities
In the world of high-frequency trading, there are worse practices than spoofing, but only spoofers are being sent to prison
CFTC spoofing crackdown poses compliance challenges
In the wake of the first criminal conviction in a spoofing case, US commodity traders and lawyers are concerned that the vagueness of the CFTC's rule is having a chilling effect on market participants
Asset managers push CFTC for more relief on position limits
Hedge funds, pension funds and private equity firms welcome the CFTC’s new proposals on position aggregation but urge the regulator to go further
BP mulls restructuring of trading unit over Mifid II
Oil major BP expects it will need a Mifid II licence for some trading activities, which may prompt the creation of a new entity to comply with the incoming EU rules
Vote now in the Energy Risk Commodity Rankings
Voting is open in the 2016 Energy Risk Commodity Rankings, which rank the top dealers and brokers in the global commodity derivatives market
Note to Brussels: energy firms are not banks
The Mifid II push to impose capital requirements on commodities firms rests on faulty logic
Mifid II sparks frantic lobbying push by EU energy firms
European energy firms are mounting a last-minute attempt to effect changes to Mifid II even as the legislative process enters its final stages. If the effort fails, a dramatic retreat from commodity derivatives markets could be in the works, Stella…
Energy Risk Asia Awards and conference 2015
The Energy Risk Asia conference, now in its eighth year, hosted more than 200 senior delegates. This was followed by a gala dinner for the Energy Risk Asia Awards, which reward excellence across the region’s commodity markets
CFTC to finish position limits rule in 2016, Massad says
Controversial rule on commodity derivatives set to miss year-end target
Potential for catastrophe lurks in complex systems
Human failings can subvert even the most sophisticated systems that companies put in place to prevent disaster, which is why a true risk management culture is important, Vincent Kaminski argues
Centrica CRO keeps watchful eye on new regulation
Managing all Centrica's financial risk is a challenging task, and one that is made increasingly complicated by regulation, chief risk officer Olivier Herbelot tells Mark Pengelly
Mifid II commodity rules agreed at 'last minute', officials say
Provisions in Mifid II that would hit energy and commodities firms received "the least consideration and scrutiny" in the entire package, says one regulator
Quant ideas: Strategic versus tactical risk management
Strategic or enterprise risk management has long been seen as something of a Holy Grail for risk managers. However, the susceptibility of enterprise risk tools to poor quality data means the whole effort is likely to be misguided, argues Krzysztof…
Energy Risk Asia Awards 2015: The winners
The 2015 Energy Risk Asia awards recognise excellence across commodity and energy trading and risk management. We reveal the winners
Asia commodity finance house of the year: SG CIB
Despite turbulent commodity markets, Societe Generale Corporate & Investment Banking establishes new reserve-based lending team in Singapore as part of long-term plan to boost its presence in Asia