Mifid
EC sides with big energy companies in Mifid II spat
European Commission urges Esma to restore ‘capital employed’ test, citing concerns that asset-heavy energy companies and industrials may be caught in new regulations
EC seeks redo of controversial Mifid II commodity provisions
European Commission demands revisions to draft Mifid II rules on ancillary exemption and position limits that had proved contentious for EU energy firms
EU position limits pose headaches for national regulators
Proposed Mifid II limits on thousands of commodity contracts worry some officials
EU capital rules for energy traders not as bad as feared – PwC
Commodity trading firms can slash Mifid II capital charges by 40% through optimisation of derivatives portfolios and application of new Basel rules, report finds
Mifid II one-year delay not enough to solve problems, energy industry says
The anticipated one-year delay to January 2018 of implementation of the Mifid II rules still leaves energy firms little time to respond to the regime, given the number of key rules still not finalised
EU commodity derivatives regulation: 2016 and beyond
Market participants await key deadlines and decisions in the year ahead
Ending Emir hedge exemption conflicts with Mifid II, firms say
EU energy firms warn Esma’s proposal to scrap the Emir hedge exemption would introduce a glaring inconsistency between Emir and Mifid II
Position limits are an idea whose time has passed – Giancarlo
Low commodity prices dent rationale for US and EU anti-speculation rules, CFTC commissioner says
Energy traders hit back at French regulator over interview
Industry group blasts AMF official’s stance on Mifid II commodities provisions, bemoans regulators for being “deaf” to industry concerns
Shell may shift trading to US or Singapore over Mifid II
Oil major Royal Dutch Shell is exploring “all possible options” for compliance with Mifid II, including migrating trading activity to countries outside the EU, a company official says
Web of EU commodity rules too complex, conference told
Mifid II, Emir, Remit and other new regimes covering EU commodity markets are not well co-ordinated, according to regulators and market participants at this year’s Emart
Q&A: French regulator defends Mifid II commodity rules
Mifid II has sparked an outcry from EU energy firms, which complain the new rules will force them to curtail hedging or even exit the markets altogether. But Vincent Derbali, an official with France's AMF and a member of Esma's commodity derivatives task…
BP mulls restructuring of trading unit over Mifid II
Oil major BP expects it will need a Mifid II licence for some trading activities, which may prompt the creation of a new entity to comply with the incoming EU rules
Note to Brussels: energy firms are not banks
The Mifid II push to impose capital requirements on commodities firms rests on faulty logic
Mifid II sparks frantic lobbying push by EU energy firms
European energy firms are mounting a last-minute attempt to effect changes to Mifid II even as the legislative process enters its final stages. If the effort fails, a dramatic retreat from commodity derivatives markets could be in the works, Stella…
Mifid II commodity rules agreed at 'last minute', officials say
Provisions in Mifid II that would hit energy and commodities firms received "the least consideration and scrutiny" in the entire package, says one regulator
Energy firms blast new Mifid II rules on commodities
Energy firms will abandon commodity derivatives markets if the EU fails to broaden ancillary business exemption, industry groups warn
Liquidity biggest worry for RWE Supply & Trading CRO
The varied career of Uwe Schulz, CRO of RWE Supply & Trading, has led him to appreciate the dangers of liquidity risk – something that is particularly relevant in today’s energy market environment
Video: Alberto Pototschnig, director of Acer
Acer director talks about progress on Remit and power market coupling
Energy firms concerned by Mifid II ‘ability test’
The definition of a financial instrument under Mifid II and the structure of two key exemptions are worrying energy trading firms such as utilities
Mifid II adjustments fail to ease energy firms' worries
Energy firms such as utilities are fighting hard to avoid being regulated under Mifid II and having to comply with onerous EU financial rules. But despite last-minute changes to regulators’ proposed technical standards, the chances of escape appear slim
Market participants worry for European energy liquidity
Banks, energy firms and regulators expressed concern about the impact of regulation on EU energy market liquidity at Energy Risk Summit Europe on June 24 and 25
Highlights from Energy Risk Summit Europe 2015
Exclusive coverage of the annual congress for energy traders and risk managers, held on June 24-25 in London
Impact of Mifid II on commodities sparks heated debate
Industry representatives and regulators clashed while discussing tightened rules on commodity dealers under Mifid II at Energy Risk Summit Europe