Energy Risk/News
Ex-Deutsche Bank energy traders launch hedge fund
New fund will trade financial transmission rights in US power markets
New FCA deadline for power and gas forwards ‘more realistic’, says industry
A decision to delay a deadline for brokers to review their classifications of physically settled gas and power forwards by two months has been welcomed by industry participants
Day-ahead power market coupling sees caution prevail
‘Bugs’ found in NWE day-ahead coupling tests cause exchanges and grid operators to err on the side of caution
Oil market faces tight deadline for Ice Brent protocol
As Ice prepares to shift Brent expiry calendar on December 6, Isda releases protocol to enable orderly transition of OTC market
Study casts doubt on mandatory futures insurance
Mandatory insurance for assets held by futures brokers would be extremely costly, concludes industry-backed report
Acer investigated 10 potential breaches of Remit in 2012
Acer probed 10 cases under Remit in 2012, agency says, in report that sheds light on the development of monitoring regime
CFTC proposes 'unassailable' position limits rule
CFTC puts forward another Dodd-Frank position limits rule, generating concerns among commodity derivatives end-users
Sovereigns look to hedge fuel imports after Morocco deal
More energy importing countries are in talks about hedging fuel purchases after Morocco’s sovereign hedging deal, say bankers
Remit insider trading rules continue to confuse energy traders
Despite coming into force in December 2011, Remit insider trading rules continue to raise questions among energy traders
Nord Pool Spot denies UK virtual hub will delay NWE coupling
APX says creation of UK virtual hub could delay NWE power market coupling, but claim is strongly denied by Nord Pool Spot
CFTC backs down on FCM residual interest rule
CFTC softens post-MF Global reforms to rules on segregated customer funds held by futures brokers
Correlation suggests ‘return to normal’ for commodities
Commodities are being increasingly driven by market fundamentals, say analysts, forcing investors to search harder for returns
Liquidity seen as top concern for energy risk managers
Falling over-the-counter energy volumes in Europe and the US push liquidity to top of risk management agenda
Shell unit seeks to register as swap dealer
Shell becomes second energy company to seek swap dealer status under Dodd-Frank
Ice bows to pressure on Brent contract changes
Exchange delays plan to shift expiry calendar for Brent crude oil futures and options after firms complain they need more time to prepare
Brent options trading disrupted by Ice expiry date shift
Proposals to ensure convergence between futures and physical Brent cause firms to avoid trading long-dated options
Barclays enters supply-and-offtake deal with US refinery
Barclays clinches deal with Hawaii refinery as US Federal Reserve scrutinises physical commodity trading by banks
Energy Risk Europe: Ofgem outlines UK power market changes
Ofgem senior economist makes case for power market reform and details proposals to alter balancing arrangements
Energy Risk Europe: Questions over benefits of CVA for energy firms
Lack of credit team or CVA desk might make use of measure counterproductive, panellists worry
Energy Risk Europe: Commodity trading demands big data, says Trafigura CRO
Commodity trading firms urged to use advancements in big data to gain strategic advantage
Energy Risk Europe: Acer bemoans 'unnecessary' market coupling delays
Acer director expresses frustration at power market coupling delays caused by exchanges and other stakeholders
Energy Risk Europe: Good times over for Europe's traders, says RWE's Krebber
Strain caused by regulation and renewables means European energy traders must adapt to survive, says RWE Supply & Trading CFO
Energy Risk Europe: Commodity derivatives rules flawed, says SEB’s Iwarson
Derivatives regulation will impede attempts by banks to compete and do lasting damage to European market, says founder of SEB’s commodity business
Energy trading firms unprepared for Emir and Remit, poll finds
Many energy market participants are worryingly unprepared for Emir and Remit, according to a recent poll by Energy Risk