EU capital rules for energy traders not as bad as feared – PwC
Commodity firms can slash Mifid II capital charges by 40%, report finds

The impact of the European Union's reworked Markets in Financial Instruments Directive (Mifid II) on energy firms will not be as cataclysmic as market participants now think, a new report from New York-based consultancy PwC suggests.
EU energy companies have been up in arms over Mifid II, which could hit them with bank-like capital charges for trading derivatives. The charges could run into billions of dollars for larger firms and force many participants out of commodity derivatives markets
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