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Europex MiFID II and CRD IV concerns

Europex held their general assembly last week, and have issued this statement making note of the most important points discussed. Amongst those points, they raised their concerns about the impact of MiFID II on the energy market and also the potential for CRD IV and CRR to impose undue heavy capital requirements on the industry.

The approach suggested is to work on the “Commodity Dealer” regime within financial regulation, rather than pushing back against exemption loss and the new ancillary activity exemption rules as a whole. The recently issued final draft of the MiFID II Regulatory Technical Standard(RTS) has caused some push back by various market players, while the draft is considered for approval.

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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