Increasingly, banks, hedge funds and energy trading companies have come under heavy scrutiny by the Federal Energy Regulatory Commission, the Commodities Futures Trading Commission and the Financial Services Authority. Regulations such as the Energy Policy Act 2005, the Financial Services and Markets Act 2000 and the Markets in Financial Instruments Directive empowered regulators to apply intense financial and criminal penalties.
Through case law and settlements, regulatory agencies have sent a clear message for firms that trade physical and financial energy products to intensify trade monitoring initiatives and ensure a culture of compliance prevails throughout their organisation.
A rigorous approach to monitoring and surveillance of trading activity that generates meaningful alerts, enables efficient investigation and analysis, and streamlines the ongoing management and reporting of relevant information is key to a firm's ability to meet more stringent regulatory expectations and achieve an operating environment that protects the firm's reputation and customers.
Lianna Brinded, Senior Reporter, Energy Risk
Michael R Berry, Managing Member, MRB Consulting LLC
Deb Castaldo, Director – Market Surveillance, Citigroup Global Markets
Michael Lyons, SVP – Market Surveillance, Citigroup Global Markets
Bill Nosal, Head of Product Management – Governance, Risk and Compliance, Oracle Financial Services Software
Robert Kalish, Managing Director, Strategic Client Group, OpenLink Financial
The week on Risk.net,October 14-20, 2016Receive this by email