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FinFrag, Uncategorized

First “Finfrag” go live

Yesterday was the first day of reporting under the Swiss Financial Markets Infrastructure Act, also known as “Finfrag” (short for Finanzmarktinfrastrukturgesetz). Finfrag is the Swiss set of rules that meet the requirements of the G20 Finanzmarktinfrastrukturgesetz) in Pittsburgh in 2009, which are met in the EU by EMIR, the US by the Dodd Frank Act and globally with other regulations (see here).

Reporting commenced for the larger Financial Counterparties, known as “FC+”, yesterday. Each of the two approved trade repositories, SIX and REGIS-TR made press releases, which can be found here and here respectively.

The next group of counterparties, “FC-” and “NFC+” will start on the first working day of January 2018, with the remainder starting on the 1st April 2018.

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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