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Late battle rages on future of commodities pricing

Posted on 22 July 2013

The energy market is on tenterhooks over late-stage negotiations that will determine whether commodities are to be included in wider benchmark regulation. Discussions within the European Commission have intensified in recent weeks as it works towards a provisional publication deadline of September 11 for the rules, according to people familiar with the situation.
The energy industry fears that EC proposals to hold all benchmark contributors, including commodities, liable for their submissions as well as subjecting them to a legally binding code of conduct would lead to a more opaque market because companies would be hesitant to voluntarily offer information………………………………………..Full Article: Source


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