Article reports that the UK power sector's Market Making Obligation (MMO) is being reviewed by Ofgem following the collapse of the SSE/NPower retail merger and the split in market opinion as to whether MMO should continue. Article includes comments from Alex McDonald spelling out the association’s lack of support for MMO due to its limited impact on wholesale liquidity.
Article reports on the predictions of senior executives, politicians and sector experts for financial services in 2019. Article includes comments from David Clark highlighting the need for the industry to prepare for the systemic threat of climate-related events in the new year. Article also includes comments from Alex McDonald discussing the challenges of liquidity fragmentation and the need for a global rulebook based on common reporting standards.
Article reports that the volume of thermal coal derivatives traded and cleared in November rose 39% on-month to 102.76 million mt, also a gain of 9% from the year-ago period, according to data from LEBA.
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