'Uneconomic trading' at issue in Barclays power dispute

US power trading
Banks criticise Ferc's line on manipulation

Barclays has taken a tough stance in a high-profile dispute over whether the bank manipulated western US power markets, attacking a key legal theory that has underpinned several recent investigations by the US Federal Energy Regulatory Commission (Ferc).

Ferc's allegations are "based on an economically irrational theory of alleged manipulation”, the bank said in a filing on December 14. The filing comes in response to Ferc's allegations that four former Barclays power traders conspired to manipu

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: