The document discusses the potential impact of European and US regulations on the liquidity and volatility of commodities, futures, and derivatives markets. It highlights the European Commission's proposal to update MiFID II and MiFIR, and the adoption of EMIR, which could affect market liquidity and volatility. The document also warns of potential conflicts of interest and risks associated with investing in Notes linked to WTI Crude.
documents/vol00010-efta01455082-pdf.pdf
{"document_type":"legal","key_locations":["Europe"],"document_subtype":"regulatory impact analysis","key_organizations":["European Commission","European Securities and Markets Authority","CFTC","Relevant Exchange"]}