Thu, Dec 18, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch, Regulatory more

Strict new EU laws could be the end of oil price reporting

Posted on 10 June 2013

Following the raids on the London office of the lead oil price publisher Platts over suspicions of manipulating oil prices in the market, the European Union has decided to introduce tough new rules that would effectively prevent price reporting agencies from operating.
Bloomberg has stated that the draft law is unlikely to take effect before 2014, but once approved and implemented it will give the job of regulating top benchmarks such as Libor and oil, to the European Securities and Markets Authority (ESMA), based in Paris………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38515 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031