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Letter from ESMA to Commission objecting to ETD decision

Last week ESMA sent a letter to the European Commission reiterating their disappointment at the refusal to delay the reporting of Exchange Traded Derivatives under EMIR, and pointing out the difficulties that are now going to arise and confusion that will be caused by the decision. They also have pointed out some other issues inaccuracies in advice in terms of reconciliation between EMIR TRs and MiFID ARMs.

Expect to see more and more discussion on the ETD side of things until matters either become clear, or a delay is announced.



About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.



  1. Pingback: 2 Weeks to GLERT – Do we now have all the answers? | Energy Trading Regulation - January 28, 2014

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