Policy risk
Remit breaches already being investigated by Acer
Acer was already investigating breaches of Remit, but needed more resources to carry out its role, said director Alberto Pototschnig, speaking at Energy Risk Summit Europe
Impact of Mifid II on commodities sparks heated debate
Industry representatives and regulators clashed while discussing tightened rules on commodity dealers under Mifid II at Energy Risk Summit Europe
Energy firms face Remit "nightmare", conference told
Companies may struggle to monitor trading data being sent to Acer on their behalf, said panellists at Energy Risk Summit Europe
Ferc manipulation cases put limits on US power traders
US power traders face stricter limits as a result of recent Ferc enforcement actions that have created uncertainty over the definition of market manipulation. The pressure has intensified since the regulator won a procedural victory in its landmark case…
Video: FCStone calls for balance in capital and margin rules
The CFTC must balance the needs of stability and market liquidity in its US Dodd-Frank Act capital and margin rules, says INTL FCStone's global head of risk in a video interview at Energy Risk Summit USA
Energy firms praise Republican Dodd-Frank fixes
Industry groups are hopeful that a bill passed by the Republican-controlled US House of Representatives to ease the burden of Dodd-Frank on end-users will survive the threat of a presidential veto
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
Regulatory advisory house of the year: Baringa Partners
Baringa has helped clients deal with the many and varied demands of European energy and financial rules during the past 18 months
Risk manager of the year (sovereign): Mexico’s Ministry of Finance and Public Credit
Oil hedging stabilises Mexican state finances amid price crash
Derivatives house of the year: Citi
Bank wins with help of book purchases and willingness to take on trickier trades
Energy groups fight back on key Mifid II exemption
Energy industry groups are pushing for “sensibly higher thresholds” to prevent themselves from being subjected to financial rules under Mifid II
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
Asian emissions markets seen as step in right direction
Hopes that carbon emissions might one day emerge as the next major commodity market have been confounded by poor liquidity in Europe and the lack of a federal US cap-and-trade scheme. But developments in some Asian countries are giving traders more to…
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
EU commodity trading firms face capital punishment
Imposing CRD IV capital rules on trading houses, utilities and oil majors carries huge costs and makes no sense
Gazprom claims highlight stranglehold over European gas
An EC antitrust probe throws Gazprom's dominance in central and eastern Europe into sharp relief, but will do little to alleviate it
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
EU capital requirements worry commodity trading firms
The finalisation of Mifid II in Europe has rekindled a debate over whether commodity trading firms should be subject to capital requirements. Firms are lobbying strongly against the idea, but regulators and the European Commission will have the final say
Hedge fund case tests Ferc's anti-manipulation drive
A US Federal Energy Regulatory Commission probe into a little-known energy hedge fund has turned into an unusual public standoff. Now, the fund's founders are girding themselves for a long legal battle, which may set an important precedent for US energy…
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
Icap Energy’s Francis wrestles with regulatory change
Icap Energy's new head of energy and commodities in Europe faced tough decisions in his first few months of the job