Looking back: Are banks coming back into OTC energy derivatives?

The past 12 months have seen signs of increased movement in over-the-counter energy derivatives, with both US and European banks staffing up their existing trading desks, and in some cases launching new trading operations. In the UK, Standard Bank, which is headquartered in South Africa, is poised to launch an electricity trading desk later in the year. Mary O'Carroll, head of UK electricity trading at the bank in London, says power trading provides a "natural fit" with the bank's existing cl