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Market turmoil and the need for harmonised trade reporting

See here for a timely piece on Bloomberg View, which reminds us that now, with markets in turmoil, would be a good time foe regulators and central banks to use the data collected in repositories worldwide,  in order to become aware of any systemic risks in the derivatives market. The intent of the various trade … Continue reading

The 7 Deadly Sins of Regulatory Trade Reporting

See here for an  article by Harry Nota of Openlink on the “7 Deadly Sins of Regulatory Trade Reporting”.

RRMs approved

ACER have today approved two more RRMs, both APX exchanges (UK and Netherlands). This takes the total number of approved RRMs to 17, out of the 34 that were “pre registered”. The full list of approved RRMs can be found here.

ETR comments on EMIR Review ESMA recommendations and EFET and CEER responses

Following ESMA’s publication of recommendations as part of the European Commission’s EMIR review, and some responses from the industry, ETR Advisory have written some short notes, which can be found here.

FCA MiFID II meeting minutes

The FCA held an “Implementation Roundtable” meeting on MiFID II on 17 July. The minutes were published a couple of weeks ago, and can be found here. There are a few items of note for those in the energy and commodities sector: Point 6a refers to the regime for Energy Market Participants (EMPs) who are not … Continue reading

BIS/IOSCO consultation on UTI harmonisation

The Bank of International Settlements and IOSCO have issued this consultation paper which contains proposals to harmonise the use of Unique Transaction Identifiers across different derivative reporting regimes. The different reporting regimes that arose out of the 2009 G20 Pittsburgh Declaration (such as EMIR and Dodd Frank) require that reported trades have an identifier. Under EMIR … Continue reading

We’re back – with 5 RRM’s approved today

This blog is back to full service after a summer break, with some catching up to take place over the next few days. Today has seen the approval of several more RRMs by ACER: GME  NASDAQ OMX OKTE REGIS-TR Trayport The full list can be seen here. The new approvals span several “categories” of RRM … Continue reading

ESMA and CEER responses to EMIR review

ESMA and the CEER have published their responses to the European Commission’s EMIR review. ESMA’s response is here and the CEER’s here. Comments will be published on this blog towards the end of next week.

More RRMs approved

Two more RRMs have been added to ACER’s “approved list”, which can be accessed here. The new approvals are for ICE TradeVault and the Polish Power Exchange, both of which have stated that they will act as “full RRMs”.

First rules on EMIR mandatory clearing adopted

See here for a press release from the European Commission, announcing the adoption of the Delegated Regulation around the mandatory clearing of certain interest rate instruments under EMIR. The rules require affected parties to clear the covered instruments via CCPs according to a phased timetable, which starts after 6 months and completes after 3 years, … Continue reading