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Blockchain update: Self regulation of cryptos and some scepticism – article collection

Since our last post on blockchain and crypto currency regulation (see here) there have been increased reports of some scepticism in terms of the use of blockchain across different applications. Many see this as a natural progression as the technology moves along the adoption cycle, from the “hype” phase to one where real life production … Continue reading

Brexit update: REMIT SI announced, and developments on the financial side

There have been a few developments in the Brexit story since our last post here. On the political level, the story continues to dominate the headlines in the UK, with a commitment to continue to negotiate as much as possible (see here on The Guardian web site). The UK’s HM Government Department for Business, Energy … Continue reading

MiFID II update: Reporting investigations and more

While there has been little news on the MiFID II side of things recently for those in energy and commodities, there has been movement in the wider financial world since our last post here. This article on the Bloomberg web site reports that Goldman Sachs is facing an FCA probe over incorrect MiFID II reporting. … Continue reading

We’re back – FCA research note into EMIR FC thresholds

We are back after a short break for the summer. Last week, the UK’s Financial Conduct Authority published this research note into the thresholds used in EMIR for Financial Counterparties (FC) for two purposes: The threshold used to determine when smaller FCs need to start mandatory clearing. The threshold used for the start of the … Continue reading

Updated EMIR validations

ESMA has updated the spreadsheet that defines that validations used for EMIR reporting. The updated sheet can be found here. The changes will apply from 5th November. The following fields have been changed: Reporting timestamp  (1.1) Reporting Counterparty ID (1.2) ID of the other counterparty (1.4) (i.e. the other party) Underlying identification (2.8) Confirmation means … Continue reading

Brexit update – articles and papers

There have been a few more articles relating to Brexit, as seem from  the energy and commodity trading world since our last post on the topic (see here). On the financial side, Simon Lovegrove of Norton Rose Fulbright has published this analysis on the temporary permissions regime drafted by the FCA for the eventuality of … Continue reading

Study of “misconduct patterns” and more cases

The FICC Markets Standards Board (FMSB) has issued the results of a “Behavioural Cluster Analysis” on misconduct patterns in the financial markets. The key document  can be found here, with other supporting documents found here.  The study has examined market misconduct cases going back to 1814, with some interesting  findings, which include: The misconduct revolves … Continue reading

Brexit update – the statements and discussions continue

There has been a great deal of activity on the Brexit side of things since our last post (see here). In addition to the ongoing political activity, there have been developments on both the financial and energy regulation streams of activity. In addition, the European Commission published this statement giving their view on how to … Continue reading