Market risk
New EU market abuse rules worry energy traders
Ban on insider trading in commodities seen as “very tricky”
Energy industry blasts ‘unusable’ CFTC commodity swap data
Vast variety of contracts, lack of coordination by SDRs led to reporting debacle
To assess liquidity risk, one must ask the right questions
A mathematician’s insight during World War II can help guide risk managers today
Mifid II one-year delay not enough to solve problems, energy industry says
The anticipated one-year delay to January 2018 of implementation of the Mifid II rules still leaves energy firms little time to respond to the regime, given the number of key rules still not finalised
Quant Ideas: market-making, risk and information in commodities
Persistent low liquidity in commodity markets is the result of the fundamental interaction of high volatility and noisy data sets. This fact has profound implications for the theory and practice of risk management in commodity markets
Goldman names new head of US power trading
Other commodities moves at BTG Pactual, EDF Trading, Javelin and Munich Re
Energy Risk Commodity Rankings 2016: Rise of the non-banks
Non-banks such as BP and Axpo Trading make a strong showing in Energy Risk’s latest Commodity Rankings, but Societe Generale takes the top spot again as best overall dealer
CFTC takes steps to clean up ‘garbage’ swaps data
Attempts to further standardise swaps in new data reporting proposals are a source of frustration for market participants
Energy Risk Awards 2016 – voting has now closed
Awards recognise excellence across global commodities markets
How ‘Death Star’ and AIG sparked a new era in regulation
Ferc and the CFTC have overlearned the lessons of past crises, and energy traders are paying the price
Ex-Goldman oil trading head seeks to serve 'the little guy'
Ben Freeman, founder and CEO of HudsonField, sees opportunities for non-bank firms in energy lending
ETRM systems emerge as the cockpit for business
In an increasingly complex marketplace, energy trading and risk management (ETRM) systems have become the flight deck from which firms pilot their entire business activity, says Sidhartha Dash, research director at Chartis Research
EU commodity derivatives regulation: 2016 and beyond
Market participants await key deadlines and decisions in the year ahead
Why traders ignore risks and go full speed ahead
Incentives often drive excessive risk-taking, while caution is punished, Vincent Kaminski argues
Enron’s California schemes haunt regulators 15 years later
The failures of the first liberalised US power market still shape the Federal Energy Regulatory Commission’s anti-manipulation agenda. But has the pendulum swung too far towards enforcement?
Energy firms urge EC to ease Emir clearing rules
Industry groups are using the European Commission’s review of Emir to push for changes to rules for calculating their exposure to clearing thresholds – tweaks that could make a big difference in whether commodity firms are saddled with the dreaded ‘NFC+’…
Few commodity traders saw improved liquidity in 2015 – poll
Three-quarters of traders surveyed say liquidity in OTC commmodity derivatives held steady or declined last year, while 25% saw gains
CFTC de minimis report worries US energy firms
Use of “alternate indicators” for dealing activity raises alarm bells in industry
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,…
Position limits are an idea whose time has passed – Giancarlo
Low commodity prices dent rationale for US and EU anti-speculation rules, CFTC commissioner says
Commodity traders cheer CFTC record-keeping fix
Regulator softens Dodd-Frank rule that energy and agricultural commodity traders had complained was burdensome
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