European Market Infrastructure Regulation (Emir)
Energy firms rely on patched-up solutions for reporting
Under new rules in Europe and the US, energy firms have to aggregate trade data from a variety of internal sources and report it to repositories. While it was hoped this process could lead to wider improvements in analytics, risk management and…
Bespoke OTC reporting a struggle for energy firms
European energy trading firms say they are finding compliance with Emir trade reporting rules onerous and heavily reliant on manual intervention, particularly when it comes to non-standard trades
Commodity traders won’t replace banks, says Citi’s Staley
Citi head of global commodities “doesn’t lay awake at night awaiting a full-scale assault” from non-bank companies, such as oil majors and commodity trading houses
Consultancy of the Year: Baringa Partners
Baringa Partners continues to carry out valued work with top-flight clients in energy and is also proving successful at breaking into the broader commodity trading sector
Unfinished rules likely to cause continued hedging woes
Post-crisis financial legislation is generating deep uncertainty for industry participants, making life difficult for companies that rely on commodity markets as a vital way of managing their risk
Trade reporting special report
Derivatives trade reporting is mandatory in the US and Europe under Dodd-Frank and Emir rules. Energy Risk presents a special report
Emir reporting date sparks 'mad rush' in energy derivatives market
A requirement to report trades under the European Market Infrastructure Regulation kicked in on February 12, creating a rush to comply among energy derivatives market participants. Some firms have struggled with the rules, and say a lack of support from…
Development of LME Clear proves a test of mettle
A change of ownership and an evolving regulatory landscape have thrown up big challenges for the London Metal Exchange in its quest to clear its own trades. Trevor Spanner, the chief executive of LME Clear, speaks to Mark Pengelly about the project
Energy firms' systems not ready for regulation, survey finds
ETRM systems are ill-prepared for financial and energy market regulation, according to Energy Risk survey
Emir reporting deadline causes alarm among commodity traders
Commodity derivatives end-users hit hard by Emir reporting rules, say industry sources, especially smaller firms
New FCA deadline for power and gas forwards ‘more realistic’, says industry
A decision to delay a deadline for brokers to review their classifications of physically settled gas and power forwards by two months has been welcomed by industry participants
Tradition's Mike Anderson cheerful despite headwinds for energy brokers
Regulatory change and tough market conditions are creating deep uncertainty for energy brokers. But Tradition’s Mike Anderson remains optimistic about the business, he tells Stella Farrington
Stadtwerke München grapples with regulation and risk management
At Stadtwerke München, one of Germany’s largest municipal utilities, many of the issues facing risk management are different from those affecting big commercial energy firms. But concerns about the impact of financial regulation run just as high. Mark…
Energy Risk Europe: Good times over for Europe's traders, says RWE's Krebber
Strain caused by regulation and renewables means European energy traders must adapt to survive, says RWE Supply & Trading CFO
Energy trading firms unprepared for Emir and Remit, poll finds
Many energy market participants are worryingly unprepared for Emir and Remit, according to a recent poll by Energy Risk
Energy firms find Emir thresholds too close for comfort
The European Market Infrastructure Regulation will force non-financial counterparties to clear trades in over-the-counter derivatives once they reach a set of notional thresholds. And despite their original expectations, many energy companies could be…
Energy traders lag on post-trade processing, survey finds
Baringa Partners survey suggests firms may struggle to cope with European financial regulation
European power and gas liquidity hit by Mifid II fears
European energy traders say worries about the impact of Mifid II are chilling activity in longer-dated power and gas
Emir futures margin rules create 'regulatory arbitrage'
Clearing house and commodity traders voice concerns about European firms going to US due to Emir CCP standards
Energy Risk Europe: Firms weigh up data management systems for regulation
Sapient Global Markets, Vitol and Gazprom Marketing & Trading discuss how firms can prepare data management systems for regulatory requirements
Banks cut commodity VAR as regulatory reform bites
Basel capital rules and regulatory reform stymie risk appetite of major banks in commodities
Energy Risk Europe: EC official questions energy industry estimates of clearing costs
Recent industry estimates of the cost of clearing are met with scepticism during a roundtable discussion at Energy Risk Europe