EU

Impact analysis reveals high cost of single European market for some commodities houses

Geoff Whitehouse, editor

An impact analysis commissioned by the Futures and Options Association (FOA), and conducted by KPMG has attempted to assess the potential regulatory capital adequacy limitations of the proposed changes to the Investment Services Directive (ISD). These proposed changes could potentially bring commodity derivatives within the scope of the ISD and the related Capital Adequacy Directive (CAD).