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EMIR, Mifid, Uncategorized

EMIR and MiFID data matters – TR portability and MiFID II transparency

ESMA has opened a consultation on the portability of data between EMIR trade repositories, which can be found here. The accompanying press release explains that standards need to be put in place to make it easier for market participants to move data from one TR to the other, whether it is because a market participant wishes to move TRs, a TR’s approval is withdrawn, or other reasons. It is important that the integrity and readability of the data is not impaired. The implementation of the new EMIR RTS on 1st November will likely lead to a review of TRs by many market participants.

ESMA also recently issued a summary of the data requirements under MiFID II. This article by ClarusFT looks at some aspects around  transparency data. This post on LinkedIn by JWG also examines some of the contents of this presentation, which was given by the FCA of MiFID II data reporting at the end of last year.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy 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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