Mifid II commodity rules agreed at 'last minute', officials say

Amid outcry, EU regulator suggests delaying capital rules for energy traders

David Lawton, UK Financial Conduct Authority

Facing an outcry from energy firms that would need to set aside billions of dollars to comply with the bank-like capital requirements of proposed European Union derivatives regulations, officials conceded at an industry event that the controversial rules had been finalised at the "last minute", shaped by political pressures and not subjected to the strictest scrutiny before their release.

The candid comments at an October 12 panel sponsored by the London Metal Exchange (LME) came two weeks after

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: