Mayr shares her story from math and economics to energy markets; and discusses the latest developments.
Commodities
The regulator’s investigation did not reach a clear conclusion on whether competition law was infringed or not, and the traders themselves have not made any admissions.
A recent fight over the CFTC’s position calls into question a complex regulatory taxonomy.
The end to a longstanding case shows how efforts to reclassify bulk products can cross the line into duty evasion.
Guidance keeps limits on uncleared swaps, applies haircuts, and requires FCMs to meet reporting and operational requirements under a no-action pathway.
Consent orders require two former precious metals traders to pay hefty civil penalties and accept industry bans, concluding an enforcement action launched in 2019.
By shifting the AAT from guidance into formal rules, the FCA aims to provide a more robust and predictable environment for the UK’s commodity and energy markets.
Commodity derivatives were a particular focus in a wide-ranging exchange.