Brow-mopping after Mifid II start
European companies have recast their risk-management and hedging systems in line with last-minute Mifid II preparations
Energy firms and regulators in the European Union have been dealing with the impacts of the second Markets in Financial Instruments Directive (Mifid II) since it started to take shape more than two years ago. The directive, which came into force on 3 January, had financial traders across the EU—and beyond—panicking about not only the changes to the shape of markets, but also the reporting requirements that the regulations demanded. For energy companies specifically, the position-limits regime, which dictates commodity instrument exposures, had many concerned that their ability to risk-manage using financial tools would have gross impacts on the shape of markets. Some even went as far as to s
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy