Past Events
In this introductory meeting, participants will discuss the guidelines and the scope of the Task Force, and discuss trading practices, financialisation, competition and market structure in energy commodities markets, specifically on crude oil and liquified natural gas.
Overreliance on external ratings by investors has come under scrutiny since the crisis, where it emerged as a source of systemic risk –difficult to mitigate save by increasing transparency and encouraging own due diligence by investors.
In addressing the forthcoming revision of MiFID, the European Commission needs to comply with its G20 commitments. Proposals under discussion seek to push non-equity asset classes (such as bonds, structured products and OTC derivatives) onto 'organised’ trading platforms.
The introduction of an EU-wide tax on financial transactions is set to be a topic for discussion during the next months. In a non-legislative report on ‘innovative financing’ adopted in March by the EP, a wide majority asked for a tax on financial transactions of between 0,01 and 0,05% to be introduced in Europe.