Post summer push for MiFID II
A nice article here that outlines the expected timetable for MiFID II implementation.
Webinar on reconcilliation
SunGard will be running a webinar on the 25th July on reconciliation that arises from EMIR, REMIT and MiFID II. Details are here.
ISDA Publishes the EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol and Reporting Guidance Note
ISDA have just published the protocol and guidance on EMIR Portfolio reconciliation and dispute resolution. The press release is here and the documents are here. The FAQ is worth reading...
Good post on the “What is a derivative?” question
See this blog post on the Fidessa web site for an interesting viewpoint on how different rules can apply to equivalent instruments.
Memorandum of Understanding signed between ACER and ESMA
ESMA and ACER today signed an MoU agreeing to cooperate on all relevant matters, including EMIR, REMIT and MiFID, not only on rule setting, but also on IT infrastructure, and…
ESMA Consultation on non EU Counterparties under EMIR
ESMA have started a consultation on the rules around non EU counterparties under EMIR. The press release is here and the consultation paper is here.
Barclays fined $435m in the US for alleged power market manipulation
Barclays have been fined $435m for allegedly manipulating Western US power prices between 2006 and 2008. They intend to dispute the fine. The story can be found in many places…
Interesting observations of clearing volumes in the US
See this interesting article by Amir Khwaja of ClarusFT observing CME's increasing clearing volumes on IRS since the mandatory deadline came in under Dodd Frank