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MAR, Mifid

Post about MAR and MIFID

See here for a post on finextra by Kate Koval of GFT about  data collection under MIFID II and how it will influence MAR. The MAR rules start on July 3rd this year and outlaw abuse and the use of inside information on many financial trades as well as spot commodities. MAR includes “effective monitoring” rules which will include many energy and commodity market participants. As a result, many are improving their procedures and technology around monitoring .

Unlike REMIT, MAR does not contain specific data collection rules. Instead it relies on the data collection that will take place under MiFID II from January 2018, so that National Competent Authorities can monitor for abuse. The article examines some aspects of this and the challenges of dealing with the large data volumes that will result.

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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