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REMIT

REMIT data quality

See here for a post from Tilo Zimmerman of Ponton  on LinkedIn on the data quality of REMIT data. It is now over 2 months since off venue reporting commenced, and there are just over 3 weeks to go until the REMIT “backloading” deadline, on 6th July, by which time any contract struck before 7th April but whose delivery had not completed on that date must be reported.

Once that date has passed, in theory, ACER and the other NRAs will be able to carry out surveillance on the data and look for possible breaches of REMIT’s anti manipulation rules. However, in order to do so, the quality of the data must be adequate. KPIs such as those mentioned in the post will be useful in ensuring that the data is useful, and that the significant efforts on the part of the industry are put to good use.

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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