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ISDA comments on improving the quality of data collected under derivatives trade reporting rules

ISDA have issued this paper which provides comment on what they see are the issues around the various derivatives trade reporting initiatives which came into being following the declaration made at the 2009 G20 Pittsburgh Summit (and which led to rules such as Dodd-Frank, EMIR and equivalent). The paper states that despite the fact that most … Continue reading

The EU Energy Union, ETS scheme and EMR

This week saw the launch of the EU Energy Union. This initiative sets out several objectives in order to further integrate the governance and running of the EU’s energy strategy. On the wholesale side, this includes further proceeding with the 3rd Energy Package, a market re design, and also the strengthening of the powers of … Continue reading

EMR: CfD Allocation round results

The UK’s DECC have just published the results of the first round of CfD allocations, which can be found here. There are some interesting results!

REMIT reporting product announcement – Deutsche Bourse

We are back after a few unexpected days off-line. One announcement that went out over E-world came from Deutsche Bourse, who made this press release about their reporting application, which will support reporting to ACER under REMIT. The application is the Impendium platform which already supports many other types of regulatory reporting such as EMIR and … Continue reading

Corrected: Ireland’s CER asks for early market participant registration under REMIT

Earlier today Ireland’s Commission for Energy Regulation (CER) issued this notice announcing its market participant registration portal. Under REMIT each National Regulatory Authority must permit registration to commence by 17th March 2015, three months after the Implementing Act was adopted. In addition, the CER have asked that all registrations be kicked off in the system by … Continue reading

Examining the latest REMIT Q+A document from ACER

Last week saw the publication of the latest Questions and Answers document from ACER, which can be found here. Comparing it to the last version shows the following differences: Questions and Answers channel: There is a commitment to publish an updated version of the document once a month. There is a new form on which to … Continue reading

Effect of Section C6 and 7 changes on liquidity

See this article on the ICIS site about the potential impact that the changes in the definition of a derivative could have on liquidity at the further end of the curve. The changes to MiFID Annex I section C, which arise both from previous rulings, a recently closed  consultation and also MiFID II could draw more … Continue reading

New version of REMIT Q+A published

We are back on line after a break for E-world, starting with the news that ACER have just issued a new version of the REMIT Q+A, which can be found here. Comments on this and E-world to follow.

E-world week is here – Introducing the “REMIT Fest Companion”

E-world starts tomorrow and will feature many vendors offering services and software to the market for REMIT. Some of these offerings have already been announced. Others will be over the next few days. In order to stimulate some thought, we have written a short document, a “REMIT Fest Companion” which offers some thoughts into the issues that … Continue reading

Unavista to provide technology for SIX Swiss Trade Repository under “Finfrag”

See here for a press release from SIX stating that Unavista (of the London Stock Exchange Group) will provide the technology for SIX’s trade repository. The Trade Repository will be the data collection point for the “FinFrag” rules, which are the Swiss version of the EMIR rules. It is expected that go live for reporting … Continue reading