Energy
Quintenz: former CFTC leadership failed commodities end-users
Commissioner says regulator “poorly defined populations and risk” under Obama administration
People: Genco opens Singapore office, hires head of major bulks
Recent changes at dry cargo, gas trading and gold market participants, among others
Are failure indexes fair play?
Regulators must clarify stance on trading off big-data forecasts of outages, writes energy consultant
Esma reviews gas and power spot month definition
Definition key to setting EU position limits
People: JP Morgan bolsters commodities research
US bank recruits oil strategist, as Societe Generale, OpenLink and others ring changes
Ferc urged to prop up illiquid natural gas indexes
A lack of willing price reporters is eroding confidence in key benchmarks
Final US position limits rule will take ‘at least a year’
CFTC expected to draft a narrow list of contracts in scope
Using derivatives to forecast oil scenarios
Generating probability-weighted oil price scenarios from traded derivatives prices can help risk managers in the industry
People: US Senate confirms slate of regulatory appointees
Giancarlo confirmed as CFTC chairman, Quintenz and Behnam join as commissioners; Chatterjee and Powelson restore Ferc quorum
Optimal management of green certificates in the Swedish–Norwegian market
This paper proposes and investigates a valuation model for the income of selling tradeable green certificates in the Swedish–Norwegian market, formulated as a singular stochastic control problem.
Commodity finance house of the year: Societe Generale
Energy Risk Awards 2017: French bank shows breadth of strengths across energies
Ferc’s Collins dismisses algo trading fears
Energy Risk USA: surveillance chief says HFT is yet to take hold in the power and gas markets
Clearing house innovation of the year: Nodal Clear
Risk Awards 2017: Bold decision to ditch VAR in favour of expected shortfall pays off
‘Reauthorising’ CFTC could alter firms’ attitude to EU position limits
If Commodity End-User Relief Act is passed, it could mean substantial industrial change in US – and Europe
Energy CROs: cyber risk can only grow
Major cyber attacks on energy trading and infrastructure considered inevitable
Energy Risk commodity rankings 2017: a return to risk management
Committed dealers reap the benefits of increased interest in hedging and investing
Questions remain after EC publishes position limits rules
Market participants raise concerns about extraterritoriality and hedge exemptions, while regulators are tipped to struggle
EU commodities regulation: outlook for 2017
Key regulatory matters for energy firms in the months ahead
What lies beneath: attention lessons for risk managers
Allowing seemingly irrelevant problems to fester can lead to catastrophe
Asia energy dealer of the year: BP
BP restructures long-dated hedge for commercial player
Q&A: Dutch watchdog on the pitfalls of Mifid II
Catching the right energy firms – and leaving others untouched – has been tough, says Esma task force member
Mifid II impact on energy liquidity sparks fiery debate
Regulators and industry clash over interpretation of Mifid II market-making rules at industry event
Coal contracts boom is a sign of desperation
Producers' turn to derivatives may be a last throw of the dice
Hidden risks for corporates in renewable energy PPAs
Buyers face load, covariance and basis risks in typical agreements