Remit
Highlights from Energy Risk Summit Europe 2015
Exclusive coverage of the annual congress for energy traders and risk managers, held on June 24-25 in London
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
Video: E.on North America compliance head praises CFTC shift
The head of legal and compliance for E.on Global Commodities North America says the CFTC is being more receptive of end-user concerns in a video interview at Energy Risk Summit USA
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
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
Rolling back the frontiers
Dr Igor Koprivnikar, member of energy trading and supply group Gen-i’s management board responsible for trading, talks exclusively to Energy Risk
Commodities regulation since the financial crisis
Risk.net presents an interactive timeline looking at major regulatory developments affecting commodity markets since the global financial crisis of 2008
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
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
Energy trading firms unready for Remit, survey finds
IT systems not geared for trade reporting under EU anti-manipulation law
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
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
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…
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,…
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…
CpML to foster standardisation among energy traders
First developed by Efet, CpML is a standardised language for the storage and exchange of commodity data, which could help reduce the industry’s high levels of operational risk. As a new standalone entity takes over the running of CpML, Filip Sleeuwagen,…
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…
Tougher UK Remit sanctions to be felt across EU
Proposed UK criminal penalties for manipulation and insider trading under Remit would have "very broad" effect across European energy market, according to lawyers
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
Energy firms use high-tech tools to avert manipulation fines
As regulators tighten their scrutiny of commodities trading and impose costly penalties for market manipulation, energy firms are stepping up investment in trade surveillance. But properly implementing trade surveillance systems in commodity markets is…
The hidden revolution in real-world monitoring
With more data available to us than ever before, harvesting, consolidating and transforming it into actionable insight has become Thomson Reuters’ mission, as discussed in this sponsored feature by Leigh Henson, global head of energy, and Stefan…
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
More work required on Remit reporting, firms say
Back-loading, self-reporting and non-standard trades continue to pose major obstacles to compliance with Remit, say energy trading firms