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Mifid, Uncategorized

MiFID II letter and comment – in favour of a rigid application

See here for a copy of a letter sent by Markus Ferber MEP (Christian Democrat)  and Roberto Gualtieri MEP  ( Progressive Alliance of Socialists and Democrats) to the European Commission highlighting concerns regarding the latest Regulatory Technical Standards(RTS). The letter includes concerns that the latest proposals on position limits may not go far enough to curb undesired large positions. It also includes concerns that the latest proposed Ancillary Activity tests may permit the exemption to be used in inappropriate circumstances.

The letter is linked to from this page on the web site of Sven Giegold, an MEP representing the Green Party. While the post shows understanding of the proposed delay to the start of MiFID II, it stresses that it should not be used as an opportunity to “water down” any rules.

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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