Commodities/Regulation
Commodity hedgers alarmed by CFTC margin proposals
Margin rules proposed after the collapse of MF Global could dramatically raise the cost of hedging, complain market participants
Banks’ physical commodity trading comes under scrutiny
Amid a review of a 2003 determination by the Federal Reserve, the involvement of US banks in physical commodities has come under fire from regulators, politicians and the media. Could they really be forced to exit physical trading? Alexander Osipovich…
Energy firms find Emir thresholds too close for comfort
The European Market Infrastructure Regulation will force non-financial counterparties to clear trades in over-the-counter derivatives once they reach a set of notional thresholds. And despite their original expectations, many energy companies could be…
Energy end-users may miss Dodd-Frank reporting deadline
Energy derivatives end-users face uphill struggle to comply with reporting rules when no-action relief expires
Trade repositories eye Remit opportunity
Entities backing trade repositories for OTC derivatives show interest in registering as RRMs
European regulators get to grips with Remit monitoring
By mid-2014, the Regulation on Wholesale Energy Market Integrity and Transparency is expected to see European energy market participants reporting masses of information about their trading activity to regulators. How do regulators intend to use this data…
Ferc targets power market gaming with JP Morgan fine
Record $410 million settlement demonstrates zero-tolerance approach towards exploitation of market design flaws
Bank physical commodity trading attacked in US Senate hearing
Physical trading by banks said to inflate commodity prices, increase systemic risk and threaten shortage of beer cans
Firms seen upping surveillance and self-reporting after Ferc fines
Ferc penalties against Barclays and other banks expected to bolster compliance with market manipulation rules
Bribery laws pose compliance challenge for energy firms
Oil and gas firms still face compliance challenge from anti-bribery laws, despite court judgement against Dodd-Frank disclosure rules
BP registers as swap dealer
BP registers its US-based energy trading subsidiary as a swap dealer, becoming the first oil and gas major to opt for dealer status under Dodd-Frank
Power proves a tough choice for Australian regulators
Supervisors must decide whether to include electricity in derivatives reform despite high prices and industry opposition
CFTC cleans house at FCMs
CFTC has increased its scrutiny of futures brokers and their handling of customer funds since MF Global collapse
Energy Risk USA: Dodd-Frank implementation 'maddening', says O’Malia
CFTC commissioner blasts “adhocracy” of last-minute exemptions to Dodd-Frank rules
Energy Risk USA: New CFTC position limits due in June, O'Malia says
CFTC will soon unveil revised rule on commodity position limits after a court rejected its previous effort, says O'Malia
Energy Risk Europe: Firms weigh up data management systems for regulation
Sapient Global Markets, Vitol and Gazprom Marketing & Trading discuss how firms can prepare data management systems for regulatory requirements
MAS grants temporary relief for energy market brokers over Ice energy futures
MAS confirms it is granting interdealer brokers temporary exemptions from registering as futures brokers
CFTC facing struggle to revive commodity position limits
Limited appeal
Energy Risk Europe: EC official questions energy industry estimates of clearing costs
Industry estimates of clearing costs met with scepticism
Court ruling may be death of CFTC’s position limits
Experts say appeal is unlikely – and CFTC must prove commodity market speculation before re-proposing limits
Asian energy markets liquid enough to sidestep Dodd-Frank compliant firms
The extraterritorial impact of the US Dodd-Frank could be sidestepped by Asian players opting to conduct swap trades with players outside of the regulation’s orbit
EC committed to providing clarity on supply and trade transparency rules, says DG Energy policy expert
Clarifications on two sets of data transparency rules for European energy markets are in the works, according to European Commission policy expert
Acer to issue guidelines to clarify Remit definition problems, says Pototschnig
The head of the Agency for the Cooperation of Energy Regulators says new non-binding guidance will appear shortly after the Remit regulation is published in the EU's official journal
Energy firms need to gear up for Remit insider-trading rules, lawyers warn
As early as December, energy trading firms could be subject to a compliance regime for Europe's complex - and confusing - new insider-trading rules