Too little, too late: Esma data won’t fix energy firms’ Mifid woes

Data confusion and unworkable exemption timeframe risk commodity market disruption

European commodity trading firms have more than warmer weather to look forward to this summer: they have long been pressing the European Securities and Markets Authority to publish data key to determining whether they will have to comply with a sweeping new set of financial regulations, and Esma has now promised to do so by July.

But any comfort the industry will feel from being able to make progress in its preparations for the reworked Markets in Financial Instruments Directive (Mifid II) may