Q&A: French regulator defends Mifid II commodity rules

Mifid II won't hit energy hedging, Esma task force member says

Vincent Derbali: "We don't expect many new Mifid-licensed entities"

Vincent Derbali may not be widely known among energy traders, but as a member of the commodity derivatives task force of the European Securities and Markets Authority (Esma), he helped craft a controversial set of rules that the continent's energy industry is working frantically to undo.

On September 28, Paris-based Esma released final draft regulatory technical standards (RTS) for the reworked Markets in Financial Instruments Directive (Mifid II). European Union energy firms have been vehement