Press releases

Press releases, latest news and views from LEBA

Article reports that the clearing of coal options by LCH.Clearnet is running at record levels, as high demand for coal in Asian countries and price volatility pushes up demand for hedging products. Alex McDonald, CEO, London Energy Brokers’ Association, said: “The coal options clearing facility provided by LCH.Clearnet in conjunction with daily prices and volatilities provided by LEBA members has gained rapid acceptance in the industry.”

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Article reports that the Wholesale Markets Brokers’ Association (WMBA) has highlighted that regulators should focus on greater oversight of financial firms instead of individual products. According to David Clark, Chairman, WMBA, regulating OTC markets should be done in this context and markets need better guidance as to what effects will result from changes in regulation. At the moment, planning for new regulations is hampered by delay and uncertainty. Alex McDonald, CEO, WMBA, adds that devising regulation to work in a global framework and an intense political environment is very difficult and could lead to unintended consequences.

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Comment piece by Alex McDonald, CEO, Wholesale Markets Brokers’ Association on the importance of the Organised Trading Facility (OTF), as defined by the European Commission, to meeting the G20 objectives by facilitating the trading of standardised OTC derivative contracts.

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