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MAR, REMIT, Uncategorized

Anti abuse news – and a panel

Recent market manipulation cases (for example see here) have continued the trend of an increased focus on anti abuse activity on the part of regulators. Earlier this year, the UK’s FCA issued a business plan (see here) which included a further focus on anti abuse activity under MAR. The FCA uses data collected under MiFID II for surveillance. This article on Finextra by Priya Raj of Sensiple Inc looks at the mechanisms used for collection and the rules under which they are collected. Some of these rules will not apply to energy and commodity traders using a MiFID II exemption.

In the US, enforcements continue (for example see this disciplinary notice issued by the CME recently). However, some recent high profile cases have been successfully defended, as reported in this article on the Chicago Business web site.

Never the less, the trend to improve anti abuse facilities, and surveillance systems, continues in Europe. The trend will be discussed next week at the “ComRisk” conference, which takes place in London on the 21st and 22nd May. The “surveillance” panel is at 12.10 on the 22nd (see 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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