EU energy firms fret over ‘massive’ impact of CRD IV
Regulators should adjust capital regime for asset-heavy commodity companies, conference hears

European Union energy firms, which are worried about the impact of bank-like capital requirements on their businesses, have called on regulators to come up with an appropriate capital regime for asset-heavy commodity companies.
Compliance officers from oil major Royal Dutch Shell and Russian state energy giant Gazprom, speaking at Energy Risk Summit Europe in London on June 22, warned that the EU's new Markets in Financial Instruments Directive (Mifid II) could have potentially dire consequences
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