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Article on the potential for abuse in the European Energy markets and other matters

See here for an interesting article on the Platts website which shares some of the information that came out at the recent public meeting in Ljubljana about REMIT (documented by ETR here), and examines how likely the rules are to uncover abuse. It also makes interesting comparisons with the US and how abuse has been dealt with there. While data will start to be reported from October 7th, the full picture will not emerge until the second deadline (for off venue trades) passes on 7th April 2016, and the regulator’s surveillance system is properly calibrated to find abuse.

Never the less, since regulators will now be receiving this data, many market participants are likely to pay more attention to the internal version of that data, and improve the surveillance procedures and technology around it.

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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