ECB’s Holthausen raises concerns over inclusion of non-existent term €STR as safety net for euro contracts Source: Risk feed

Fed’s supervision head says final liquidity rule will be fast-tracked without fresh consultation Source: Risk feed

According to the U.S. Energy Information Administration’s (EIA) latest coal data, the 36.7 million short tons of coal consumed in Indiana during 2019 was more than any state in the nation besides Texas and North Dakota. Indiana accounted for 6.5%…

Panellists from ECB, LCH, Natixis and Societe Generale discuss struggling liquidity in €STR as Eonia nears its demise Source: Risk feed

Alexandre Rajbhandari Bloomberg 23 September 2020 (Bloomberg) — BNP Paribas SA is shutting its Swiss commodity trade finance business, exiting a sector it once dominated and which was hit by massive fraud. The plan could impact as many as 120…

JPMorgan Chase is close to paying almost $1 billion to resolve government investigations into the alleged manipulation of metal and Treasurys markets, according to a person with knowledge of the matter. A settlement between New York-based JPMorgan and several U.S….

Profile Software, an international financial solutions provider, announced today the release of the new updated version of RiskAvert 3.0, in order to accommodate the increasing needs of the industry in the area of Capital Adequacy and Risk regulatory framework. RiskAvert…

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Thursday he may reverse Mexico’s 2013-2014 energy liberalization next year if he is unable to “rescue” state oil company Petroleos Mexicanos and electricity utility CFE with existing laws….

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, today announces the appointment of Paul Kavanagh as Chief Revenue Officer. Paul will oversee worldwide sales, field operations, go-to-market strategy, and partnerships to… Fenergo Source:…

Regulator sees risk in relying on fallbacks to effect switch to €STR – and calls on dealers to educate clients Source: Risk feed

The global tanker shipping industry is likely to find a new normal in the medium term, with sales of second-hand ships taking center stage while orders for newbuilds slow down. Meanwhile, existing tanker companies may become bigger as ships change…

On April 15, members of the Organization of the Petroleum Exporting Countries (OPEC) and 10 non-OPEC partner countries, collectively known as OPEC+, agreed to reduce crude oil production in response to rapidly increasing global oil inventories in the first quarter…

EnergyOne, the parent company of Contigo and eZ-nergy, has had a very good year especially given the background of COVID and so on, Mr. Simon Wheeler told me last week when we spoke. Its’ financial year wrapped up at the…

It is an understatement to say that sugar prices have had an interesting year so far. We’ve seen a steady rise since the low-point of September 2019, through to the first months of 2020, followed by a quick return to…

See here for an article on Bloomberg which reports that JP Morgan are set to pay about $1bn to settle the matter of spoofing accusations that have been in the news for the last years (for example, see here). The…

The Hin Leong scandal rocked the Singapore trading community earlier this year, topping many earlier bankruptcies in the commodities space in terms of financial losses. As the dust settles, Eric Yep unpicks the company’s path to self-destruction and assesses the…

IFRS 9 update will lead to hedge accounting breakdown if new rates markets lack depth Source: Risk feed

Panellists from Barclays, HSBC, Intralinks and Morgan Stanley discuss pros and cons of early cessation announcement Source: Risk feed

Welcome aboard Pandemic Flights, with service today at half that of a year ago. In this emergency event, please place your mask over your mouth and nose, and keep it there for the whole flight. There is no cruising for…

TAYLOR, Mich. — Atlas Oil Co. is teaming with Inatech’s Techoil oil commodity management solution to streamline operations as it continues to grow. Following rapid expansion, Taylor-based Atlas’ supply business now makes more than 100,000 deliveries every year from more than…