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Report on GB REMIT fine

Following the record fine of 37.3 million GBP levied on a market participant in Great Britain by Ofgem recently (see here), Ainsty Risk has published this report analysing the incident. It looks at the state of the market, the physical reality, the actual offences and the implications. It can be found here.

Covid delay requested for next stage of EMIR REFIT

EMIR REFIT made some significant changes to several parts of EMIR last June, including changes to the calculation of the EMIR clearing threshold and the availability of an exemption from reporting of trades between non financial internal entities (see here). This coming 18 June 2020, the next part of REFIT that applies to Non-Financial Counterparties … Continue reading

Corona delays in Singapore – Brexit transition

Corona related announcements continue: The Monetary Authority of Singapore (MAS) has announced a series of delays and changes due to the Corona virus. The announcement can be found here. These include item 13 which delays the start of the final phase of derivatives reporting from 1 October 2020 to 1 October 2021.  Many commodities firms … Continue reading