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Post on the issues that could arise as part of REMIT Phase 1 reporting

See here for a post on LinkedIn by Chris Dingley of Abide Financial on the issues that could arise when reporting data as part of on venue reporting, due to start on 7th October. The issues mentioned merit serious consideration.

While some of these have been examined before, the proximity of the reporting deadline should throw some into sharp relief. For example readiness of a specific OMP or RRM may be of concern if relying on one that has not been involved in trade reporting before. There is also a mention of examining the true cost of a solution, rather than just looking at upfront cost.

As the clock ticks, all of these issues need to be considered and actioned at the earliest opportunity.

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.


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