Royal Dutch Shell Group .com Rotating Header Image

Mars joins BP and Shell in opposing European financial market regs – FT

Screen Shot 2015-05-23 at 08.00.10

Screen Shot 2015-05-21 at 21.01.20NEW YORK: 7 JUNE 2015

Confectionery company Mars Inc has joined oil companies BP Plc and Royal Dutch Shell Plc to oppose planned new European financial market regulations, arguing that they would increase volatility and reduce liquidity in raw materials markets, according to a report by the Financial Times on Sunday.

The companies, along with the European Cocoa Association, as well as commodity trader Vitol, have signed a letter to the European Commission noting a “significant unintended risk of damaging the markets”, the report said. The firms argued that this would in turn push up the price of consumer goods ranging from food to energy.

The parties also include the Intercontinental Exchange, Eon, RWE and Euronext. They also expressed concern that the rules would increase the cost of trading and hedging.

The comments were in response to Europe’s authorities conducting a final review of the Markets in Financial Instruments Directive to guard against systemic risks in equity, fixed income and commodity markets, the Financial Times said.

(Reporting By Catherine Ngai; Editing by Kevin Liffey)



Royal Dutch Shell, BP plc Oppose New European Oil Trading Regulations and its sister non-profit websites,,,,,, and are owned by John Donovan. There is also a Wikipedia feature.

Comments are closed.

%d bloggers like this: