Market risk
Remit delegated reporting leaves unanswered questions
EU energy traders have until October to begin reporting the details of standard power and natural gas trades to regulators under Remit. But the exact process by which many of these initial contracts will be reported remains blurry
Oil rout roils E&P and airline hedging strategies
Corporate risk management programmes have had a mixed track record amid the recent plunge in crude prices. Oil producers with a conservative approach to hedging are emerging as some of the winners, while some airlines are feeling regretful about their…
Traders and politicians can learn from dead pilots
Flying a plane requires calm execution, attention to risk and counterintuitive strategies to avoid disaster
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…
Capacity mechanisms spark concern from power traders
Zest for subsidies could threaten plans for unified EU electricity market, argue power traders
EU ETS risk and climate risk
Vertis has been active in carbon markets since 2001 – starting out as a developer of joint implementation projects, before entering into brokerage and dealing when the European Union Emissions Trading Scheme (EU ETS) was established in 2005. Vertis…
Dodd-Frank reporting rule hurts hedgers, Massad admits
CFTC head acknowledges difficulty faced by hedgers in illiquid commodities from Dodd-Frank reporting rules
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
Oil dive increases importance of trading, says Statoil
Asset-based trading seen as crucial by Statoil in environment of lower oil prices
Energy trading firms unready for Remit, survey finds
IT systems not geared for trade reporting under EU anti-manipulation law
Oil, weather and Ukraine boost European gas volumes
2014 saw rising activity in Europe's exchange-traded and OTC gas markets
Morgan Stanley names new commodities co-heads
Evolution unveils European coal desk; Mercuria hires Goldman's cross; New Danske CEO gets to work; Ex-Deutsche Asia power head joins GDF Suez; Gunvor COO steps down
CFTC’s Bowen demands action on position limits
Time for CFTC to ‘bite the bullet’ on controversial rule, Democratic commissioner says
SG CIB wins Risk and Energy Risk Commodity Rankings
Societe Generale Corporate & Investment Banking has topped the poll for the third year in a row in this year’s Risk and Energy Risk Commodity Rankings, which are marked by several dramatic exits and one impressive comeback
Goldman upbeat on commodities despite tighter regulation
Adapting to new rules and capital requirements is achievable, says Agran
US natural gas hedge fund shuts down
Roaring Fork says poor liquidity in energy derivatives foiled its trading strategies
Cutting edge: Kriging smooth energy futures curves
This paper applies the method of kriging from geostatistics to extract smooth curves from energy futures prices. How the method can interpolate market prices is demonstrated, both for contracts with fixed delivery times and for delivery over a period,…
CDM future in doubt amid changes to EU carbon rules
UN developing country scheme being slowly suffocated, firms say
CFTC urged to co-operate with EU on position limits
US rules should take effect simultaneously with Mifid II, argues FIA
Market manipulation push is widening the compliance gap
European and US energy regulators must decide how aggressive they wish to be when it comes to enforcing fraud-based anti-manipulation rules. Taking things too far could harm market efficiency and stifle the benefits of competition, argue Shaun Ledgerwood…
Energy traders shun trade surveillance, survey finds
Result comes despite tougher rules on market manipulation and abuse
Commodity derivatives lead the way for OTC reform
Enron proved merits of bottom-up evolution, not change imposed from above
EU ETS to become bigger priority for industrials
Back-loading and structural reforms to Europe’s carbon market are set to collide with a reduction in free allowances, making life tougher for the continent’s polluters. Market participants hope this will engender an increased focus on risk management and…
Energy Risk Awards 2015 now open for entries
Awards recognise excellence across global commodities market