
Editor's letter – Managing liquidity risk amidst regulatory reforms
Editor’s letter - October 2010

It may begin to sound like a broken record, but new financial regulation will have long-term consequences for energy companies. As the pieces of the new regulatory jigsaw are put together on both sides of the Atlantic, the potential impact is coming to light: future investment is likely to suffer as liquidity becomes tighter and investors opt out of difficult markets.
Investors are already complaining that US restrictions on proprietary trading – imposed via the Volcker rule - are harming
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