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Brexit, EMIR

More on EMIR

See here for an article on the Reuters web site which talks of the difficulties for some of preparing for the start of the new EMIR RTS, on 1st November. It features an interview with Collin Coleman of NEX who discusses the changes, and also the fact that for some Non Financial Counterparties, there will be a further change later next year which reduces the scope. This makes the work seem less worthwhile. It is worth noting that EMIR reporting will still be required for most energy and commodity traders.

The European Commission has published this questions and answers page on their web site, which looks at the proposed changes under EMIR to the supervision of CCPs. These changes have an impact on whether on EU CCPs may clear certain trades, which could include UK based CCPs after “Brexit”.

 

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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