CRA experts discuss how the regulatory environment for commodity derivative markets is changing, with increased efforts to monitor and deter commodity price manipulation. The economics of manipulation is highlighted by examining the ongoing civil case CFTC vs. Arcadia Petroleum and Parnon Energy et al. The article also differentiates the impact of manipulation and speculation on commodity prices.
Pension risk transfer litigation: Current trends and economic issues
Introduction to pension risk transfer Defined benefit (DB) pension plans create liabilities that expose plan sponsors to risks such as longevity risk,...