A recent European Commission communication presents an overview of work that has been done to improve the regulation, integrity and transparency of financial markets.
Recent EC proposals are likely to lead to the increased regulation of OTC derivatives markets in the European Union by the end of 2012.
A former oil futures broker, Steven Perkins, has been fined £72,000 by the Financial Services Authority (FSA) and banned from working in financial services for a minimum of five years, after being convicted of market abuse.
This latest prosecution by the FSA is another reminder of its zero tolerance approach to any form of market abuse.
As demand for iron ore continues to grow and a new pricing system between mining companies and steelmakers comes into effect, the City of London faces huge competition from Asia to position itself as the leading centre for this market.
Mergers and acquisitions (M&A) activity in the commodities trading sector has been buoyant over the past 18 months, affecting the trading operations of both financial institutions and energy companies.