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MiFID II updates, CFTC position limits

While there is not much news relating to MiFID II specifically for those in energy and commodities, the wider financial services world has seen a great deal of discussion and activity since the first anniversary of the rules took place (see here). Any Investment Firm (which includes some energy and commodity market participants) needs to … Continue reading

More Brexit updates: FCA announcements

The news around Brexit now comes out on an hourly basis (for example see here on Sky News). A “no deal” Brexit remains very possible. As a result, following last week’s announcements (see here), the UK’s Financial Conduct Authority (FCA) has made several of their own, in particular around EMIR and MiFID II: EMIR The … Continue reading

One week to go until the open anti abuse forum

There are a small number of places left at the anti abuse forum, which will be held next Monday 11th March in London. This discussion forum is open to all professionals in the European energy and commodities markets to provide a public mechanism to discuss issues arising out of the implementation of MAR and REMIT. No membership … Continue reading

Regulatory reporting – it’s time for a rethink: webinar recording

We are pleased to be able to share the recording of our Webinar: Regulatory Reporting – It’s Time for a Rethink: Capital Markets Best Practice for 2019 from 15 January.

Joint Statement by UK and US Authorities on Continuity of Derivatives Trading and Clearing Post-Brexit

The U.S. Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE) and the Financial Conduct Authority (FCA) today issued the following statement regarding derivatives trading and clearing activities between the United Kingdom (UK) and United States (US) after the UK’s withdrawal from the European Union (EU):

See statement via the CFTC website.

Q1 19 RegBeacon published

As we enter the year in which we will celebrate the 10th birthday of the G20 plan to make our financial services sector safe we wonder whether we are making enough progress?

Armies of compliance staff are now required to run the firm and the standing armies are brought on in to help with the last three waves of major reform programmes are still there. Surely by now, with total wage and advisory bills for compliance into the billions, RegTech should now be part of the capital allocation programme at the Board level.

Tech & Talent: How a Diversity Strategy Fits in

2019 is going to be a pivotal year for financial services as firms look to both newer technologies and people to support business innovation plans and growth. Julia Streets, CEO of Streets Consulting and host of the podcast, DiverCityPodcast, shares with us the opportunities firms can achieve through the focusing on diversity as part of their recruitment and organisational strategies in 2019 and beyond.

Agreement Reached Over EMIR Refit

Hot on the heels of ESMA’s 31 January 2019 ‘blind eye’ statement, on 5 February 2019, the EU Council issued a press release confirming it had reached agreement with the EU Parliament on certain aspects of the EMIR REFIT programme. Broadly, the changes are that: A new category of “small financial counterparty” will be created. […]

GB Capacity market developments

Following the suspension of Great Britain’s Capacity Market following a ruling by the European Court of Justice (see here) and some interim actions by the UK’s Business, Energy and Industry Strategy  department (BEIS) (see here), the European Commission has lodged an appeal. The appeal is reported here on The Energyst’s web site and also here … Continue reading

eWorld – Essen 5th and 6th February

The “e-world” exhibition takes place next week in Essen, Germany (see here). This sees a gathering of a large cross section of Europe’s energy industry. Anyone wishing to meet on the 5th or 6th February for a general discussion on the regulation of the wholesale energy market is welcome to email info@etr-advisory.com

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