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EMIR, Mifid, REMIT

Possible ACER change in authority, ESMA speech, and a course

The European Council yesterday agreed its position to update and increase the role of the Agency for the Coordination of Energy Regulators (ACER), who are, amongst other things, responsible for many parts of REMIT, including data collection and cross market monitoring, as well as other areas such as network codes. The press release from the Council can be found here.  While ACER use the data collected to monitor, and continue to push the regulation forward, for example in issuing papers on different types of abuse (see here) and on the disclosure of inside information (see here), there is a dependency in many respects on National Regulatory Authorities in member states.

On the topic of convergence, Verena Ross, Executive Director of ESMA has given this speech about the desire for regulatory convergence across EU member states. The speech also covers the issue of the interaction with third countries, including the UK after Brexit.

Those wishing to improve their knowledge of on the various regulations such as REMIT, EMIR, MiFID II, MAR and also Finfrag and the impact of Brexit, can still book onto a course being given in Geneva on 20th June entitled “What Can Go Wrong: Commodities Regulation and Compliance in 2018” as part of the International Commodities and Derivatives Association. More details can be found here.

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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