MERCHANDISER
nationalism on the rise), are challenges which will need to be addressed. “Whatever form new regulation or disclosure
requirements ultimately take, many market players believe they are here to stay. As with any regulation or compliance challenges, the most successful organisations will plan early to absorb the changes into ‘business as usual,” says Jones.
Choice of Location Geneva, Zug, London, Stamford, Houston and Singapore are the most notable trading hubs today. Based on Deloitte’s assessment, underlying changes in the market – both in sources of supply and demand – may lead to the expansion of some centres or new locations appearing. The key concerning the choice of location is the ability to secure the appropriate
people with the right skills. Some locations – such as Geneva with its University program Master of Arts in International Trading, Commodity Finance and Shipping – are taking active steps to develop their talent pool for the trading business. A key challenge facing the sector will be the costs associated with new regulations designed to eliminate manipulation, which could push up energy and food prices, at the same time as increasing transparency. “A number of new regulatory requirements, either imminent or mooted, are likely to increase not only the compliance obligations for trading companies but also, in some cases, the cost of funding,” the report concludes.
Trading Up – A look at some current issues facing energy and commodities traders.
www.deloitte.com Easy, Open Access to Global Energy Information
New website provides easy and open access to global energy information
There is now a brand new online resource for businesses, governments, academia, and the media to look for and explore global energy information. The online resource, in the new website of the World
Energy Council (WEC), was launched at the Africa Energy Indaba in South Africa. The website provides open access to the WEC’s energy knowledge repository from the organisation’s 90-year history. Speaking at the launch, Christoph Frei, Secretary
General of the World Energy Council, said: “Making the World Energy Council’s reference material openly available is part of our commitment to the common good. We have been producing respected reports and analysis on the energy sector for decades, and it is right that in our 90th
more accessible.” The information is drawn from the WEC’s studies on energy resources, issues, policies, and global energy
year we now make this information even
sustainability ranking. The website comes with interactive data visualisation tools to help users understand and compare energy data across regions. It also allows users to download select data in numerical or graphical formats. Stuart Neil, Senior Director of External Affairs and Communications, added: “In today’s information- saturated world it is often difficult to sort out the right information in order to make balanced, impartial decisions. The World Energy Council has the information and this new website will provide a valuable and trusted resource, enabling governments, businesses, and the media to access the information they need, when they need it.” The new WEC website also offers users quick and easy access to essential information on the WEC and its global network of member committees in more than 90 countries. It also boasts improved navigation for users
to find the WEC’s events, publications, and work programmes more easily.
The site has been specifically designed (with the help of website design company Bang Communications –
www.bang-on.net) to enable access to information from countries
with low bandwidth infrastructure and without the need for proprietary software. This will ensure that the site can be viewed across the world and on many types of media devices.
www.worldenergy.org
March 2013
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