Regulating Global Oil Benchmarks Is Not So Easy

Law360, New York (July 11, 2013, 12:01 PM EDT) -- European Union and United States regulators recently launched investigations into the potential manipulation of Platts’ oil-price benchmark. These investigations highlight the growing scrutiny both national and international regulators are placing on trading activities in the energy markets.

Energy companies, trading houses, hedge funds, investments banks and others in the financial services industry are increasingly trading in global energy markets. Prices from such transactions form the basis of global commodity price benchmarks such as Platts’ oil benchmark. Given the importance of Platts’ oil benchmark in setting global...
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