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Mifid

Commodity derivatives top MiFID II consultation responses

See here for a “Bloomberg Brief” article which highlights the fact the topic commodity derivatives drew the highest number of responses to the most recent consultation on MiFID II.

See have seen a great deal of push back on the proposals, especially on the impact that the loss of exemptions may have on the commodity and energy trading industries. Market Participants from across the industry have highlighted that the loss of exemptions will add to costs, and also do not necessarily help to achieve the objective of reduced systemic risk. Never the less, it has been made clear that the intent of the exemption loss is to further regulate the commodity and energy trading industries, which means that compromises are likely to be minor in nature.

MiFID II does have a very far reaching effect on the financial industry as well. This makes the “top ranking” of the commodities industry even more interesting, given the relative sizes of the two sectors.

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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