Global Energy Advisory have just issued their latest white paper on the cashflow impacts of EMR and EMIR on the energy industry. It can be downloaded from here.

On the EMIR side, it does raise the question about how many energy companies will be over the threshold. Reports are that many are assuming that they are not, due to hedging etc. We will need to wait and if energy companies continue on this basis. if they do, you can expect the regulators to be carrying out audits before long. Market participants will need to be ready for such an occurrence.