Editor's letter - October 2009 Energy Risk

A year on from the collapse of Lehman Brothers and commodities markets are still dealing with huge amounts of uncertainty, some of it triggered by the financial crisis and some by a lack of clarity over environmental targets.
Most recently the regulatory debate has centred around position limits, with the CME pre-empting the CFTC and suggesting its own regime. ICE, meanwhile has said it believes the CFTC should be the entity to impose limits. Regardless of who sets the limits, what traders and