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EU Gas Price Cap Could Trigger Significant Changes In Markets

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The upcoming price cap on the benchmark European gas contract could abruptly change the gas market and impact the functioning of other markets as well as financial stability, according to the European Securities and Markets Authority (ESMA).   ESMA was expected to announce on Monday the assessment of the consequences of the gas price cap on the markets. “It could trigger significant and abrupt changes of the broader market environment, which could impact the orderly functioning of markets, and ultimately financial stability,”…

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