Section 716 of the Dodd-Frank Act will force swap dealers to hive off certain derivatives businesses into separate affiliates. But the legislation is fiendishly complicated, riddled with oversights and requires daring interpretative leaps, which has left...
Sovereign derivatives users have been able to avoid posting collateral to their dealer counterparties in the past, but pending reforms to bank capital and funding rules are changing the equation. If sovereigns refuse to budge, they will have to accept...
Corporates across the globe have lobbied to ensure end-users are not subjected to new clearing requirements for derivatives. For Lufthansa’s treasury department in Frankfurt, ensuring it is able to continue to hedge its foreign exchange and interest...
Dealers have made progress towards clearing swaths of the over-the-counter derivatives market. But market participants are likely to have to clear more awkward products to satisfy regulators’ demands. Mark Pengelly investigates
Trayport chief speaks to Lianna Brinded about how energy and commodities trading risk management systems will cope with changes in regulation
Central clearing might solve some of the problems with over-the-counter derivatives, but it is by no means a straightforward solution, and could raise some additional problems
New legislation means more study and rule-makings needed, creating operational risks for banks
Norwegian oil and gas giant Statoil's results are hit by major losses on hedging derivatives in spite of a rise in profits and production
As exchanges see a rise in carbon trade volumes, consolidation among brokers is expected. Katie Holliday looks at whether CantorCO2e’s closure could be the first of many
Derivatives reform in the US has kicked off a new era for the CFTC, which will see a significant expansion of its authority under the updated regulatory regime, as Pauline McCallion reports
Playing a role in the development of a bespoke technology solution gives energy traders and risk managers more control over how they perform their daily duties, according to experts. Pauline McCallion finds out more
With the market standardisation of energy and commodities contracts still falling behind more traditional asset classes, Lianna Brinded asks if this is a crucial step for the energy sector
The oil markets have stubbornly resisted electronic trading for 10 years. Alex Davis finds out if this is about to change
The Chicago Climate Exchange’s founder, Dr Richard Sandor – who played an instrumental role in the development of spot & futures markets under the US Acid Rain Program – speaks to Pauline McCallion about the similar role environmental markets can...
Technological developments have transformed the face of European energy broking beyond recognition. Now regulatory changes could potentially alter this landscape even further. Alex Davis and Katie Holliday speak to the major brokers about their vision...
Regulators should consider liquidity when deciding which over-the-counter derivatives should be cleared, say market participants
Banks could lose margins and competitive edge as a result of derivatives reforms in Dodd-Frank Act
A substantial number of mining companies refuse to have a hedging programme, leaving them vulnerable to a possible sharp drop in prices
HSBC and Total Oil Trading expect to offer their first products in a few months' time
Several major energy and commodities companies such as Royal Dutch Shell and BP are to face a substantial rise in derivatives trading costs, following the adoption of the Dodd-Frank Wall Street Reform Act.
As US regulators embark on redefining over-the-counter derivatives trading, energy end-users need to be aware of how they will be categorised and the potential impact on trading costs.
Nearly one third of all oil and gas companies are more susceptible to systemic risk, as a report reveals 31% of these firms lack an energy trading and risk management (ETRM) solution for their operations
Financial reform legislation passes in the US Senate, as focus turns to the complex issue of implementation