Turning up the heat

Regulation

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Transparency, protectionism and populism - these are the various motivations attributed by different protagonists to current efforts to change how the over-the-counter energy derivatives markets are regulated in the US.

Against a backdrop of increasing consumer anger about rising prices at the petrol pump, many energy traders blame blatant populism for a push on Capitol Hill to impose tougher reporting standards on OTC energy derivatives trading. "It's strange how politicians consistently mak