Analiza wpływu Dyrektywy MIFID II na rynek energii elektrycznej w Europie
Analysis of the impact of MiFID II on the electricity market in Europe
Author(s): Paweł Hawranek, Dariusz MichalskiSubject(s): Business Economy / Management, Commercial Law
Published by: Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
Keywords: MiFID II; EMIR; power market; structure of the power companies; risk; hedging; prop-trading
Summary/Abstract: This paper presents the impact of Directive MiFID II on the energy market and the structure of electricity companies. It also discusses the objectives of the new provisions and indicates which instruments of the energy market are to be covered by the scope of its application. The Authors elaborate on the subjective scope of the new Directive, its relation to the EMIR Regulation, and the consequences resulting from MiFID II for electricity companies. The schedule of the Directive’s implementation is outlined and the associated challenges noted created by MiFID II for the European energy industry.
Journal: internetowy Kwartalnik Antymonopolowy i Regulacyjny (iKAR)
- Issue Year: 4/2015
- Issue No: 3
- Page Range: 79-92
- Page Count: 14
- Language: Polish