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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