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Mifid, Uncategorized

Steven Maijoor calls for swift resolution to MiFID uncertainty

See here for an article on the FT website quoting Steven Maijoor, chair of ESMA. He calls for the probable new timetable of MiFID II to be firmed up as quickly as possible. The idea of a delay of a year has been circulating for several weeks, and the European Parliament recently issued a statement indicating their support. However the delay has not been officially confirmed.

At the same time the commodity and energy trading sector awaits news of whether the Regulatory Technical Standards relating to the ancillary activity exemption and position limits  will be adopted by the European Commission. A decision about adoption is usually required within 3 months of issue, i.e. by the 28th December.

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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