Energy Risk Europe: Indexes won’t be included in MAD, say panellists
Energy indexes may not be included in EU market abuse rules, but remain likely to be hit by further scrutiny
Major energy indexes are unlikely to be affected by current European Union proposals to clean up the setting of financial benchmarks, but are likely to face further scrutiny in any case, said panellists at Energy Risk Europe in London on Wednesday.
On July 25, the European Commission (EC) unveiled amendments to its proposed Market Abuse Directive (MAD), which would make it a criminal offence to manipulate or attempt to manipulate financial benchmarks. The EC says the rules will apply across a
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