Energy Metro Desk's "Around the Desk" Discusses CFTC Nominations and LIBOR

In the latest installment of the Energy Metro Desk series "Around the Desk," Editor-in-Chief John Sodergreen discusses CFTC Commissioner nominations and the new LIBOR license fees, among other topics.

In the Energy Metro Desk article, Mr. Sodergreen comments that, with the departure of Scott O'Malia at the CFTC, the partisan lineup at the Commission consists of three Democrats to one Republication. According to Mr. Sodergreen's prediction, the vote will land on a Democratic nomination.

Additionally, the article discusses the "dust-up" between banks, dealers and ICE over the cost of new LIBOR rate indices, which were previously free except for companies wishing to redistribute the rates. The article reports that these new license fees may affect many of the almost 7,000 banks and 800 firms managing registered investment funds in the United States, noting that some banks may stop using LIBOR as a benchmark for interest rates on loans because of the new fees.

Click here to view the article. The above link is to an excerpt from the most recent issue of Energy Metro Desk, which is published biweekly by Scudder Publishing Group, an energy trade news publishing company based in the Washington, D.C. metropolitan area. Those interested in learning more about Energy Metro Desk may do so by linking to www.energymetro.com or e-mailing [email protected]. Reprinted with permission of the publisher, Scudder Publishing Group, LLC. Copyright 2014.