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Brexit, Corona, Uncategorized

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 are due to start reporting as part of this phase.

The UK’s Prudential Regulatory Authority (PRA) and the Bank of England have welcomed a ministerial statement made a few weeks ago which extends the use of financial regulators’  temporary transitional power (TTP). This permits regimes such as the temporary permissions regime to operate for up to 15 months after the Brexit transitional period, i.e. to 31 March 2022.  The announcement 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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