News/Commodities
CSRC: commodity futures speculation not moving spot prices
Eye-watering one-day moves on China spot commodity markets due to “supply and demand”
UK-based energy firms consider fleeing Brexit
Trading units exploring relocation to avoid “years of uncertainty”, says AFM official
Mifid II impact on energy liquidity sparks fiery debate
Regulators and industry clash over interpretation of Mifid II market-making rules at industry event
EEX futures contract triggers margining spat
Rivals criticise use of lower margins in marketing push
FCA ‘working in background’ on Mifid commodity limits rules
Regulator builds out reporting platform to monitor position limit breaches
Banks: OCC guidance forced downgrade of healthy energy loans
Loans with low loss given defaults now considered impaired, lenders complain
Hedge fund Citadel hires nat gas chief from Hartree
Other people moves at Mercuria, CME, Danske, CBA, Freepoint, Uniper and Statkraft
Energy risk teams explore use of KRI metrics
KRIs show particular promise for managing operational risk
Embattled utilities increase focus on ERM
ERM remains just a compliance function at many utilities, say consultants
Citi loses senior energy traders
Brookes moves to EDF Trading as head of European gas trading
Coal derivatives trading surges amid hedge fund influx
Increased activity by funds fuels take-off in listed and OTC volumes, traders say
Cargill sees growth in plastics hedging
Swaps unit of commodity trading giant describes increasing need for derivatives on resins prices
UK resists expansive view of Mifid II position limits
FCA suggests limits shouldn’t apply to OTC trades between non-EU entities
BNP Paribas shakes up commodities business
Soulami shifts to green-energy role after 10 years as commodity derivatives chief
India hesitates on physical settlement for commodity options
Sebi wrestling with shoddy warehousing infrastructure
Non-MTF products may let energy firms escape Mifid II
Critics slam 'loophole' as Germany's EEX launches new power and gas instruments
Brexit sparks worries about trade reporting
UK energy firms fear leaving EU may usher in new layer of reporting rules
Exchanges spar with CFTC over hedge exemptions
Latest tweaks to position limits rule draw ire of CME and Ice
CFTC proposal would unleash flood of lawsuits, firms say
Industry blasts proposal to allow private manipulation suits in US electricity markets
UK commodity traders face regulatory chaos from Brexit
Some trading units may move to EU to retain passporting rights
Centrica loses chief risk officer
Olivier Herbelot set to join LNG firm Cheniere, sources say
Nasdaq energy exchange to get new CEO
Sales head Rick Beaman to take over upstart US futures exchange
Noble Group founder to step down
Other moves at Goldman, ICBC, Phibro, StanChart and TrailStone
EU energy firms fret over ‘massive’ impact of CRD IV
Regulators should adjust capital regime for asset-heavy commodity companies, conference hears