Article on IOSCO/BCBS “uncleared margin rules”
See here for an article on the JDSupra site by Chris Borg of Reed Smith, providing some details around the rules which will apply to derivatives trades which are not cleared.…
July Robusta coffee ‘squeeze’ and MiFID II
The FT has reported (here) that a dealer has amassed a large position in the August Robusta coffee contract, which has caused the spread between the July and September contracts…
FSB report on the progress of derivatives reform
See here for a report from the Financial Stability Board on the progress of OTC derivatives reforms across the world. The report looks at the state of regulatory initiatives since…
“Countdown to REMIT”
See here for an interesting article on the Abide Financial website entitled "countdown to REMIT by Dr Mark Earthey. There are now just over 70 days to go until the…
ACER publishes first list of approved RRMs and updated schemas
ACER have today published a list of 5 entities that have gained approval to be RRMs (Registered Reporting Mechanisms) under REMIT. The list can be found here. It includes EFETNet, Nordpool…
LME offers compression to help prepare for MiFID II
In a move that anticipates the MiFID II rules coming in, the LME have announced that they will offer compression services for members to help reduce capital requirements, according to…
Post on wash trades
See here for an informative post about wash trades, by Gordon Allott of Broadpeak Partners. A wash trade is defined in ACER's REMIT guidance as: The practice of entering into…
More MiFID II debate
The debate on MiFID II continues, as reported here on EurActiv.com. There are two streams of push-back: - Communication between ESMA and the European Parliament - As reported a couple…
Market report and study on REMIT Reporting issued by ETR Advisory and ComTech Advisory
ETR Advisory and ComTech Advisory have today issued a detailed report on reporting under REMIT. The report includes a comprehensive guide as to the rules around REMIT reporting, the different…
Swiss commodity legislation
See here for an interesting article on Swissinfo.ch by Paula Dupraz-Dobias on the adoption of rules within Switzerland that are similar to those implemented in the EU, in particular EMIR and…