Commodities/Regulation
China's gold market liberalisation may boost derivatives take-up
China's new guidelines for developing the gold market could result in more gold derivatives in the country.
States press on with emissions scheme as US Senate shelves cap-and-trade
US congressional gridlock over a federal cap-and-trade scheme has left regional programmes to continue the development of a nationwide patchwork of strategies to reduce carbon emissions
Dissatisfied with CAIR replacement, market calls for legislative fix
Proposals to replace the existing US SO2 and NOx emissions reduction schemes may not be enough to remove market uncertainty.
Energy companies face up to clearing requirements
Elimination of a catch-all clearing exemption in US financial reform legislation looks like bad news for big energy companies – the industry warns mandatory derivatives clearing will do untold harm. Peter Madigan reports
Dodd-Frank raises stakes in CFTC's push for energy position limits
With the Commodity Futures Trading Commission poised to implement position limits in energy markets, how will a dramatic expansion of the regulator’s power affect those plans? By John Ferry
FSA bans drunk oil broker for market abuse
The FSA has fined and banned a former oil futures broker for manipulating the price of brent oil after an “extremely heavy” drinking session.
EFET calls for exemptions from mandatory trade clearing
EFET calls for energy companies to be exempted from mandatory clearing as proposed by the European Commission
Energy sector awaits regulatory clarity
Energy companies are looking to the Commodity Futures Trading Commission (CFTC) for more clues about the future regulatory landscape after the US Congress set the stage last week for a wide-ranging overhaul of derivatives regulation
White House to appeal block on drilling moratorium
The US President will immediately appeal yesterday’s ruling by a Louisiana judge to block the six-month drilling moratorium put in place in the wake of the Deepwater Horizon spill in the Gulf of Mexico
Exclusive video: Power companies to be hit by US financial reforms
Senate financial reform bill could leave power companies facing major collateral problems
Exclusive video interview: Lynda Clemmons
The former Enron derivatives pioneer believes forcing trades on exchanges will benefit niche players and smaller companies
Exclusive Kaminski Video: energy risk management challenges
The energy markets still face an unprecedented level of regulatory risk over the next year, as impending changes to the US financial system loom, while at the same time, BP’s Gulf of Mexico oil spill has presented major operational risk factors for the…
Special regulation report from Houston
With the US set to unveil the largest set of financial regulation reforms of the past 30 years, Lianna Brinded reports from Houston, Texas, on how these changes will effect the energy and commodities industry.
Shell builds shale assets despite environmental concerns
Shell's $4.7 billion shale assets purchase today flies in the face of industry concerns about the impact of tighter regulations on future production
Power companies to be hit by US financial reforms: expert
Senate financial reform bill could leave power companies facing major collateral problems
Reform bill passes Ag Committee before full Senate debate
The US Senate Committee on Agriculture, Nutrition and Forestry has approved the Wall Street Transparency and Accountability Act, containing some of the strongest derivatives reforms proposed since the financial crisis.
Focus on India: Power market regulation
Despite a growing will to liberalise power markets in India, progress has been slow so far. However, regulatory changes are finally moving the market towards better transparency and competition, finds Katie Holliday
Limits on metal derivatives meet opposition
The commodity market is divided on position limits for metal derivatives.
CFTC and Ferc continue turf war over transmission rights
Wholesale electricity market participants yesterday called for an exemption for energy end-users from legislation that could see the Commodity Futures Trading Commission (CFTC) increase its jurisdictional powers over the sector.
US coal states rally against EPA’s greenhouse gases plan
US senator John Rockefeller of West Virginia introduced legislation today to suspend potential Environmental Protection Agency (EPA) regulation of greenhouse gases from stationary sources for two years.
New US coalition targets fair electricity transmission
The Coalition for Fair Transmission Policy (CFTP) has been launched in Washington, DC to campaign for more efficient development of the US electricity grid.
Oil majors go solo with emissions campaign
BP and ConocoPhillips will not renew their respective memberships of the US Climate Action Partnership (USCAP), announcing separate plans to engage policymakers as individual organisations.
State drops out of regional carbon trading scheme
Arizona has pulled out of the Western Climate Initiative (WCI) cap-and-trade scheme over fears it would put the state at a competitive disadvantage.
Obama admits Senate may need to drop carbon trading
US President Barack Obama has acknowledged the potential need to strip cap and trade out of US energy legislation currently being re-drafted in the US Senate in order to pass the bill.