Commodities/Regulation
Emir reporting date sparks 'mad rush' in energy derivatives market
A requirement to report trades under the European Market Infrastructure Regulation kicked in on February 12, creating a rush to comply among energy derivatives market participants. Some firms have struggled with the rules, and say a lack of support from…
Energy firms' systems not ready for regulation, survey finds
ETRM systems are ill-prepared for financial and energy market regulation, according to Energy Risk survey
Emir reporting deadline causes alarm among commodity traders
Commodity derivatives end-users hit hard by Emir reporting rules, say industry sources, especially smaller firms
CFTC has ‘turned the corner’ on swap data mess, says O’Malia
New CFTC working group will iron out inconsistencies between SDRs and address end-user concerns, commissioner vows
US energy firms facing Dodd-Frank trade reporting ‘nightmare’
Differing approaches of swap data repositories haunt energy companies trying to reconcile trades
UK power reforms set to make prices lower and more volatile
Market participants not doing enough to adjust to likely effects of EMR, say experts, including volatility and low prices
Energy traders breathe sigh of relief over Mifid II position limits
Mifid II exemptions for physically settled power, gas, coal and oil greeted by European energy traders
Fed moves to rein in US banks’ physical commodity trading
Under pressure from politicians, the US Federal Reserve floats proposals to tighten rules on banks in physical commodities
Commodity traders not too big to fail, suggests FSB report
Trafigura, Vitol and other trading houses unlikely to be captured by proposed criteria for global systemically important financial institutions
CFTC-Ferc deal leaves enforcement question unanswered
Agreements reached under US Dodd-Frank Act fail to address critical issue of enforcement
Non-bank commodity traders seen as benefiting from Volcker rule
End-users will hedge more with firms such as BP, Shell and Vitol as banks face ban on prop trading, say market participants
Study casts doubt on mandatory futures insurance
Mandatory insurance for assets held by futures brokers would be extremely costly, concludes industry-backed report
Revived Dodd-Frank position limits worry energy firms
The US Commodity Futures Trading Commission is gearing up for another big fight over position limits, after its original rule was rejected by a federal court. The agency’s latest proposal, released in November, gives market participants little reason for…
Acer investigated 10 potential breaches of Remit in 2012
Acer probed 10 cases under Remit in 2012, agency says, in report that sheds light on the development of monitoring regime
CFTC proposes 'unassailable' position limits rule
CFTC puts forward another Dodd-Frank position limits rule, generating concerns among commodity derivatives end-users
Remit insider trading rules continue to confuse energy traders
Despite coming into force in December 2011, Remit insider trading rules continue to raise questions among energy traders
EU energy firms face uphill struggle to comply with market abuse rules
The European Union is implementing new legislation and adopting an increasingly aggressive stance on energy market abuse. But the continent’s energy trading firms face an uphill struggle to comply with the rules. Stella Farrington reports
Dodd-Frank special report
Energy Risk looks in detail at the US Dodd-Frank Act and its implications for commodity and energy market participants
CFTC backs down on FCM residual interest rule
CFTC softens post-MF Global reforms to rules on segregated customer funds held by futures brokers
A plea for certainty in regulation
Clear and unambiguous rules have the potential to satisfy advocates of sterner regulation, as well as regulated firms
Shell unit seeks to register as swap dealer
Shell becomes second energy company to seek swap dealer status under Dodd-Frank
Dodd-Frank commodity option rules sow confusion among energy firms
Confusion over CFTC rules is tying US energy firms in knots, as they struggle to determine whether their physically settled commodity options need to comply with critical rules issued under the US Dodd-Frank Act. Alexander Osipovich reports
Energy Risk Europe: Commodity derivatives rules flawed, says SEB’s Iwarson
Derivatives regulation will impede attempts by banks to compete and do lasting damage to European market, says founder of SEB’s commodity business
Energy trading firms unprepared for Emir and Remit, poll finds
Many energy market participants are worryingly unprepared for Emir and Remit, according to a recent poll by Energy Risk