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Senate panel weighs energy derivatives trading bill. (News).(Brief Article)
WASHINGTON -- Reacting to the Enron trading debacle and a muddle of other corporate scandals, a Senate committee on July 10 reviewed legislation that would regulate over-the-counter energy contracts such as those used by Enron, according to a Reuters news story.
The Senate Agriculture Committee discussed a proposal that would restrain energy derivatives trading and allow federal regulators to track large transactions and respond faster to illegal activity in the market. The Agriculture panel has jurisdiction over the Commodity Futures Trading Commission (CFTC), an agency that regulates energy, metals, agricultural, and financial futures contracts traded on U.S. exchanges.
Under the proposed legislation, the Senate would repeal a congressional exemption that frees buyers and sellers of energy commodities from disclosing information on those deals to the CFTC. Energy futures contracts bought and sold on the New York Mercantile Exchange are already regulated by the CFTC.
CFTC chairman James Newsome was among several officials who testified at the hearing. New-some opposes federal ...
- Commodity Futures Trading Commission: Trends in Energy Derivatives Markets...
- General Accounting Office Reports & Testimony January 1, 2008 700+ words
...effectiveness of CFTC's monitoring and...Commission: Trends in Energy Derivatives Markets Raise Questions about CFTC's Oversight...Increasing amounts of energy derivatives trading also occur...largely exempt from CFTC oversight. For...
- ICE natgas swaps to fall under CFTC's ambit.(IntercontinentalExchange...
- Newspaper article from: The Oil Daily Merolli, Paul July 28, 2009 700+ words
...Futures Trading Commission (CFTC) as the regulatory agency...over-the-counter (OTC) energy derivatives. ICE said it will start providing...natural gas swap market to the CFTC immediately, while clearing...providing large trader data to the CFTC. This data will be incorporated...
- CFTC Rules, Legislation Aim to Clear Up Regulation of Over-the-Counter...
- Newspaper article from: The Oil Daily December 8, 2000 700+ words
...unfavorable contract. Finally, the CFTC has moved to encourage the establishment...MTEF category of exchange. The CFTC reforms also remain fuzzy in...handling multilateral trades of energy derivatives can apply to the CFTC for official status as a "commercial...
- Nymex Answers: Exchange clarifies presentation after CFTC warning.(New York...
- Magazine article from: Securities Industry News December 16, 2002 700+ words
...was incorrect. "First, the CFTC does not bless registrants...organization registered with the CFTC pursuant to the Commodity Exchange...clearing organization in the energy derivatives space and there are other clearing...that are registered with the CFTC authorized to clear energy...
- ICE Reiterates View that Position Management Regime Should Be Set by the CFTC;...
- Press release article from: PR Newswire September 17, 2009 700+ words
...Speculation and Position Limits in Energy Derivatives Markets," published on September...Futures Trading Commission (CFTC) has held hearings with a...exemptions. In light of the recent CFTC hearings, and in order to...established and administered by the CFTC, with the CFTC having ...
- CFTC boss takes hard line on position limits.(Commodity Futures Trading...
- Newspaper article from: The Oil Daily O'Neil, Lauren July 29, 2009 700+ words
...hearings on the issue. The CFTC, which regulates futures markets...President Barack Obama, the CFTC has gone on the offensive against...tighter regulation of trading in energy derivatives argue that it could in fact...price risk. Gensler said the CFTC needs to take action to prevent...
- Former CFTC Director Gregory Mocek Joins McDermott Will & Emery.
- Press release article from: Business Wire July 9, 2008 700+ words
...Commodity Futures Trading Commission (CFTC), will join the Firm in September...office. He will be a member of the Energy Derivatives Markets Practice Group as well as...in investigations conducted by the CFTC, the Federal Energy Regulatory Commission...
- Lawmakers Look to Empower CFTC.(Federal regulators may oversee derivatives...
- Newspaper article from: The Oil Daily March 7, 2002 700+ words
Lawmakers Look to Empower CFTC Federal regulators should step in...Commodity Futures Trading Commission (CFTC) authority over over-the-counter energy derivatives contracts (see story,p1). The CFTC should expand its watch to include...