More power to the banks

Banks now have greater freedom to participate in derivatives markets based on physical commodities thanks to two recent ruling by US regulators. As a result, the balance of power looks set to shift from Houston to New York. By Paul Lyon

david-bucknall-jpg
A strange thing happened last month. Uday Narang, president of the European wingof Entergy-Koch Trading (EKT), left the company less than a year after his promotion.EKT had long been regarded as a bastion of the energy trading business, seeminglyimmune from trading scandals – that is, until US commodities regulatorsissued subpoenas seeking information on the firm’s natural gas and tradingactivities.

Meanwhile, investment bank NM Rothschild & Son managed to nab the lead storyfor the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here