Contributor: Sid Jacobson
With deregulation for the most part behind us, trading desks coming and going, and many organizations meeting minimum acceptable risk control requirements, the energy industry finds itself entering the Compliance Era, a paradigm defined by new regulatory requirements, stricter market oversight and pursuit of aggressive penalty enforcement.
And while the industry agonizes over adequate interpretation of new market regulations and gasps at the escalation of data requests, fines and punishment coming from regulators across jurisdictions, a small and proactive subset of market participants are seizing an opportunity to modernize the way they do business. They are capitalizing on new organizational and data efficiencies, improving regular, reliable and measurable transaction and portfolio insights and streamlining the transaction lifecycle.... read more
Contributor: David Chapman
2012 has been an eventful year in capital markets. Amongst many other things, it’s been marked by some spectacular blow ups resulting from poorly released software. In fact, Wall Street firms don’t have a good track record when it comes to this, with releases frequently destabilizing systems, introducing new bugs and upsetting business operations. But this needn’t be the case. Taking a lead from the business to consumer (B2C) industry, and the development of DevOps in particular, can help overcome some longstanding issues.... read more
Contributor: Aviv Handler
The long-awaited Energy Bill was finally announced by the UK Government on November 29. It has generated many headlines around important issues such as the delay in setting a carbon reduction target and the use of gas in the UK’s energy mix, as well as the contentious practice of “fracking,” which has recently been given the green light.... read more
Contributor: Aviv Handler
Last week’s allegations about the rigging of the UK gas market has finally moved the market abuse spotlight onto the energy markets. The public, angry at rising home energy costs being justified by a rise in the wholesale gas price, have not taken kindly to the alleged market manipulation. The situation seems similar to the recent LIBOR fixing episode, where public outcry at alleged manipulation brought a previously little-known area under intense scrutiny. So what effect will this latest instance of market abuse have on the energy industry?... read more
Commentary from SunGard experts on news and events affecting the financial services industry.
Contributor: SunGard Viewpoint
Q. Mary Schapiro recently announced her resignation from the SEC. What do you think will be her legacy?
A. In the wake of Mary Schapiro’s announcement to resign her post as the head of the SEC, we look back on her tenure, challenges and accomplishments. Ms. Schapiro’s appointment began in the aftermath of the Madoff scandal and the SEC’s failure to detect and stop such a massive fraud. Ms. Schapiro has also faced a significant regulatory agenda largely driven from the legislative branch in response to the global financial crisis and the need for regulatory harmonization and inter-agency cooperation. Additionally, events such as the “flash crash”, technology mistakes and general market structure concerns have faced Ms. Schapiro on a daily basis.... read more