Energy Risk Europe: EC official questions energy industry estimates of clearing costs
Industry estimates of clearing costs met with scepticism
Industry estimates on the costs of new regulation that will require all standardised over-the-counter derivatives to be cleared should be treated with a degree of scepticism, according to Tadhg O'Briain, a policy officer at the European Commission (EC), speaking at the Energy Risk Europe conference in London today.
His comments follow a report by Platts on September 25, in which Shell chief financial officer Simon Henry claimed mandatory clearing requirements within the European Market
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