Isda raises Basel-linked concerns

The International Swaps and Derivatives Association (Isda) last month warnedthat the European Commission’s decision to extend the application of theBasel II Capital Accord to investment firms actively trading in the Europeancommodity derivatives markets could hamper wider aims to liberalise the region’sgas and power markets.

The Accord was designed with the aim of addressing the regulatory risks of investorprotection and systemic risk in the financial sector and comes into effect in2006. But,

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