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Mifid

Notes on the Commodity Derivatives Part of the MiFID II Open Hearing Video – 19 February 2015

See here for ETR Advisory’s notes on the MiFID II Open Hearing video, which was filmed by ESMA at their Paris meeting on 19th February 2015.

The notes attempt to document the talks and discussions that took place in the Commodity Derivatives part of the meeting. They are intended to supplement the video itself, and provide references to each part, in order to make navigating the videos easier.

It is striking from the meeting that on the one hand there would appear to be a great deal of push back on the re classification of commodity and energy traders as investment firms on the grounds of market impact , and on the other the fact that bringing many of these firms under financial regulation was the intent. As a result, no matter what the impact, it is a prudent working assumption that many will need to acquire MiFID licences over the coming period.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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