Top 5 Energy-Market Surveillance Tips
By Joseph Schifano, Global Head of Regulatory Affairs, Eventus
Since the introduction of the EU’s REMIT regulation, many headline prosecutions have exposed weaknesses in the surveillance of market abuse in wholesale commodity and energy market trading.
Prompted by severe punitive actions by global regulators against a number of the market’s participants, governing bodies responded by issuing detailed guidance on various aspects of market manipulation. The biggest obstacle for market participants is staying abreast of the influx of changes.
For this particularly challenging asset class, we look at the cases and guidance, and offer our top five do’s and don’ts for successful surveillance platform implementation.