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Resolution objecting to current Position Limits rule defeated

The resolution to object to Regulatory Technical Standard (RTS) 21 (see here), which specifies how Position Limits are to be calculated, has today been defeated in the European Parliament. The result can be found in this document on page 14 (where the “-” means defeated).

Sven Giegold, who was part of the group of Green Party MEPs who objected, has posted this item on his web site with comments on the defeat.

The RTS becomes final when it is published in the Official Journal.

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy 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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