Policy risk
Energy traders seek deal on Remit delegated reporting
Efet is working to prepare a standard framework for delegated reporting under Remit with energy exchanges and brokers, before an October deadline for reporting kicks in
‘Over-broad’ CFTC rules hurt end-users, Giancarlo says
Chris Giancarlo, the sole Republican on the US Commodity Futures Trading Commission, says Dodd-Frank rules are failing energy firms, farmers and other hedgers. In an exclusive interview with Alexander Osipovich, he urges a rethink of the agency’s…
Carbon trading firms positive about future of EU ETS
Carbon market participants are optimistic about the future of the European Union Emissions Trading System due to solid political backing from Brussels, a survey by Energy Risk suggests
Pemex ramps up risk management amid energy reform
Mexico's energy reform is leading state-owned oil and gas giant Petróleos Mexicanos to boost its risk management activities and consider new strategies for commodity hedging
CFTC chairman vows to 'get it right' on position limits
Chairman seeks to reassure farmers worried about bona fide hedge exemptions in proposed position limits rule
CFTC slammed for using ‘ancient’ position limits data
Energy firms are criticising the CFTC's proposed rule on commodity derivatives position limits under Dodd-Frank, saying it relies on decades-old data to set spot-month limits
Mifid II must recognise that commodities are different
Mifid II is one of the most significant pieces of post-crisis financial reform, and threatens to engulf commodity trading firms in rules aimed squarely at financial services firms
Commodity trading firms piece together Mifid II jigsaw
Mifid II is certain to have a big impact on commodity trading firms, but market participants say that piecing together the precise effect of the legislation is difficult due to undefined terms and its complex links with other European rules. Stella…
Senators turn up the heat on physical commodities
A key US Senate subcommittee has put the spotlight on banks’ involvement in physical commodities, raising pressure on the Federal Reserve to impose tough restrictions
Mifid II commodities impact to hinge on trading venues
The evolving definition of an organised trading facility under Mifid II is worrying commodity market participants due to its critical role in determining whether certain energy trades fall under financial rules
Energy exchanges can share the burden of Remit
It's easy to see why smaller energy trading organisations become frustrated trying to deal with the demands of the European Regulation on Wholesale Energy Market Integrity and Transparency. But exchanges can play a vital role in sharing the burden,…
US airline wins Dodd-Frank real-time reporting delay
CFTC no-action letter giving Southwest Airlines and its dealers extra time to report hedging trades in long-dated oil may lead to broader relief for other hedgers in illiquid markets
US energy firms welcome CFTC tweaks to Dodd-Frank rules
Long-awaited move to address ‘seventh prong’ problem seen as positive step by industry groups
Utility firms struggle to fend off Emir clearing
Europe’s largest utilities are concerned at the prospect of having to clear all their over-the-counter derivatives trades under the European Market Infrastructure Regulation (Emir). But although there are options for avoiding clearing under Emir, whether…
Financial entity definition worries US utilities
US utilities fret their trading units could be classified as financial entities under Dodd-Frank, forcing them to clear all their OTC derivatives and face other regulatory requirements
CFTC chairman offers hope to derivatives end-users
Timothy Massad, the new chairman of the US Commodity Futures Trading Commission, seems to be steering the agency towards a more deliberate and pragmatic approach to Dodd-Frank regulation
Energy firms voice optimism over CFTC's Massad
The new chairman of the US Commodity Futures Trading Commission is moving to fix regulatory problems afflicting energy firms and says he will listen closely to their input on the agency's remaining Dodd-Frank Act rules. The shift is being welcomed by the…
CFTC’s Giancarlo set to revive energy advisory committee
CFTC's revamped Energy and Environmental Markets Advisory Committee will focus on impact of Dodd-Frank regulations on US energy companies, Giancarlo says
CFTC's Wetjen urges fix to commodity options problem
CFTC commissioner says seven-part test on definition of a swap under Dodd-Frank "was not specific enough or clear enough" for industry participants
CFTC close to fixing Dodd-Frank commodity option woes
The Commodity Futures Trading Commission is said to be exploring solutions for the so-called 'seventh prong' problem created by its definition of a swap under the Dodd-Frank Act
Looking back: Chaos ensues at IPE amid protest
Open-outcry trading at the IPE was halted in February 2005 amid a lively protest by Greenpeace activists. The timing was ironic, as Energy Risk reported the following month
EU regulation and renewables seen as big energy risks
Senior risk managers chart biggest concerns for energy companies during panel at Energy Risk Summit Europe, but not everybody agrees the lists are useful
Panel bemoans impact of EU regulation on energy market
Worries about the impact of EU financial rules, such as Emir and Mifid II, are highlighted among a panel of compliance experts at Energy Risk Summit Europe
Mifid II doomsday awaits energy firms, conference told
Speaking at Energy Risk Summit Europe, compliance officer at Shell International Trading & Shipping warns of “serious threat” posed to energy traders by Mifid II