you're reading...

Investigations and fines

The start of MAR on July 3rd and passing of the final REMIT data collection deadline of 6th July (backloading) has sharpened the focus on anti abuse measures at many market participants. In addition, an investigation has been extended by the AEEG, the Italian National Regulatory Authority, into a possible breach of REMIT. This article on the ICIS Regulation Portal explains the case. The original investigation (in Italian) can be found here on the AEEG web site.

Additionally, Finra (US regulator) have fined Deutsche Bank $12.5m for the improper dissemination of confidential information over their squawk boxes. The fine is reported here on the Finextra web site.

The REMIT investigation and global trend for increased fines, combined with the obligation to monitor found in MAR, is driving the trend in energy and commodity market participants to improve monitoring. We can expect this trend to continue if more investigations and fines emerge.



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.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s