Mifid
German banks add estimated values to PIBs
HSBC Trinkaus goes it alone with the provision of daily estimates
Salt Rock: US/UK regulatory equivalence a challenge
Hedge fund managers need to get used to compliance burden
Dark pool operators face up to new regulatory attention
Caps and limits likely for private exchanges
EU retail investment regulation extended to cover insurance
Esma opinion may dilute Priips upon implementation, say observers
Esma cautions on Mifid rules
European markets watchdog warns that complex products are being mis-sold
A can-do attitude
Sponsored Q&A: Axpo Trading & Sales
Commodity position limits may make hedgers think twice
Dodd-Frank and Mifid II position limits could cause firms to withdraw from commodity derivatives
Energy traders breathe sigh of relief over Mifid II position limits
Mifid II exemptions for physically settled power, gas, coal and oil greeted by European energy traders
OTF transparency waivers survive final Mifid debate
European disclosure regime for derivatives platforms diverges from that in US
UK and EC clash over forex reporting exemption
The FCA and EC diverge over whether certain forex derivatives are subject to mandatory reporting
Progress and peril: Dodd, Maijoor, Pirrong and more on the G-20 reforms
Last year was a landmark for the derivatives reforms laid out by the Group of 20 nations in 2009, with clearing, trading and reporting rules all coming online in the US. But it was also just the start of efforts to co-ordinate and align the rules…
New FCA deadline for power and gas forwards ‘more realistic’, says industry
A decision to delay a deadline for brokers to review their classifications of physically settled gas and power forwards by two months has been welcomed by industry participants
OTFs and Sefs: equivalence in doubt
European legislators are close to finalising their derivatives execution rules, but trading platforms are concerned the OTF framework may be sufficiently different to US Sef rules to scupper any chance of equivalence determinations. By Tom Osborn
Regulators clash on Mifid waivers
Some regulators and brokers have expressed fears that exemptions included in Mifid may mean European rules on trade execution are not equivalent to the US – but a key parliamentarian disagrees
Risk Italia Survey 2013
Italy awaits regulatory clearing certainty
EU energy firms face uphill struggle to comply with market abuse rules
The European Union is implementing new legislation and adopting an increasingly aggressive stance on energy market abuse. But the continent’s energy trading firms face an uphill struggle to comply with the rules. Stella Farrington reports
Cross-border OTC reforms: No path forward
Without working European rules, a system of equivalence testing will fall flat
Draper eyes Invesco ETF expansion into Europe
Power exchange
Stadtwerke München grapples with regulation and risk management
At Stadtwerke München, one of Germany’s largest municipal utilities, many of the issues facing risk management are different from those affecting big commercial energy firms. But concerns about the impact of financial regulation run just as high. Mark…
Energy Risk Europe: Commodity derivatives rules flawed, says SEB’s Iwarson
Derivatives regulation will impede attempts by banks to compete and do lasting damage to European market, says founder of SEB’s commodity business
The future of custody
Sponsored statement: Credit Suisse
European power and gas liquidity hit by Mifid II fears
European energy traders say worries about the impact of Mifid II are chilling activity in longer-dated power and gas
Turning points: Nico Van Wayenbergh, GDF Suez Trading
GDF Suez Trading is already used to coping with financial rules that are soon to be extended to many more European energy traders. Its chief risk officer, Nico Van Wayenbergh, speaks to Gillian Carr
