Energy Risk - Jul 2016

Articles in this issue
Esma changes to position limits seen as ‘sensible’
Regulator allows higher limits for less liquid commodity derivative contracts
Teetering on the brink of the ‘energy cliff’
Declining ERoEI – energy return on energy invested – is a worrying trend
EU energy firms kept waiting by stand-off over Mifid II rule
Progress on ancillary exemption halted by ‘political’ dispute between EC and Esma
Ex-Goldman coal veteran builds ‘customer-focused’ trading firm
Javelin Global Commodities CEO sees opportunities amid bank retreat from physical markets
Trade surveillance slow to catch on at energy firms
Even as EU Market Abuse Regulation kicks in, few companies have systems to flag suspect trades
Shell compliance chief rues ‘perverse outcome’ of Mifid II
New EU rules may fragment liquidity and spur regulatory arbitrage, conference hears
European energy regulators step up market surveillance
Despite quality concerns, monitoring of Remit trade data is under way, officials say
EU energy firms fret over ‘massive’ impact of CRD IV
Regulators should adjust capital regime for asset-heavy commodity companies, conference hears
Noble Group founder to step down
Other moves at Goldman, ICBC, Phibro, StanChart and TrailStone
Negative power prices trouble US electricity firms
Influx of wind and solar sends prices below zero and wreaks havoc on models
No need to be negative about negative prices
Electricity prices falling below zero are not a sign of end times, but a valid price signal
Photo gallery: Energy Risk Awards and Software Rankings 2016
Photographs from the Energy Risk Awards and Software Rankings 2016, in Houston and London