Regulation, credit are major challenges for energy traders in 2012: Trayport’s Davies

Some energy firms are not doing enough to prepare for a raft of regulatory changes that will affect commodity markets, according to James Davies, head of business development at commodity trading software firm Trayport. In Europe, the new rules include the European Market Infrastructure Regulation (Emir), which will set a mandatory clearing and reporting requirement for standardised over-the-counter derivatives, the revised Markets in Financial Instruments Directive (Mifid II), which will tac