archives

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.
avivhandler has written 1194 posts for Energy Trading Regulation

Market abuse updates – Corona related and otherwise

There have been several reports around the selling of stocks by Senator Richard Burr, the chairman of the Senate Intelligence Committee as well as  Senator Sen. Kelly Loeffler and others. The allegations are around the selling of the stocks before information was made public about the extent of the spread of the Corona virus, but … Continue reading

FCA’s Call for Input on accessing and using wholesale data

Last week the UK’s Financial Conduct Authority(FCA) released this Call for Input(CFI) on “Accessing and using wholesale data”. The CFI covers: Trading data Benchmarks Market data vendor services The CFI examines many issues including the pricing and availability of trade and order data across different venue types, which could for example be used as part … Continue reading

ESMA indicates SFTR leeway and other Corona news

ESMA has today issued this statement and this press release, asking NCAs to “not prioritise supervisory actions” with regards to the upcoming start of reporting under SFTR. The first start of reporting date is on 13 April 2020 for credit institutions, investment firms, and relevant third country entities. The statement recognises the pressure on resources … Continue reading

Covid-19 announcements

The impact of the Covid-19/Corona virus is being very widely felt. Several regulators have made announcements that in some way relate to the regulations covered by this blog. These include: The FCA –here- Includes advice on call recording when working remotely. ESMA – here. The Bank of England  – here. As the impact on the … Continue reading

ESMA report – Coal and oil derivatives/C6

Earlier this week, ESMA published this report, which was submitted to the European Commission a few weeks ago. It provides a recommendation as to whether to extend the exemption for “C6 energy derivatives” from 4 January 2021. A “C6 energy derivative” in this context is a coal or oil derivative that must be physically settled … Continue reading

Anti abuse forum deadline near – FCA STOR statistics

There is only one week to go until the open anti-abuse forum is to be held in London, on 9th March 2020. Registration is available here and will close within the next two days. On Friday, the FCA published annual statistics on the number of Suspicious Transaction or Order Reports (STOR) submitted to them in … Continue reading

EMIR reporting best practices spreadsheet – and a reporting article

ISDA this week issued this spreadsheet relating to EMIR reporting. It is a version of the EMIR “validations spreadsheet” with added columns for many of the fields, that provide best practice notes on how they should be filled. The spreadsheet was produced by several industry associations, including ISDA, EFAMA, EVIA, FIA, BVI, GFXD and IA. … Continue reading

Two weeks to the anti-abuse forum – and case updates

There are two weeks to go until the 3rd anti-abuse forum is held in London, on 9th March 2020. ETR Advisory and the Market Abuse Centre jointly organise the events for the energy and commodities industries, which are open to all professionals in the European energy and commodities markets. No membership of any organisation or … Continue reading

New REMIT quarterly published

ACER yesterday published the latest version of the quarterly newsletter on REMIT, which can be found here. The latest version of the newsletter covers several topics including: Data collection statistics . The impact of  Single Intraday Coupling (SIDC) from a data collection perspective. How the data collected by ACER is used by authorised third parties. … Continue reading

MiFID II consultation – commodity derivatives topics

Yesterday the European Commission opened a consultation on certain aspects of MiFID II and MiFIR. The document can be found here. The consultation includes aspects relevant to energy and commodity market participants, including relating to the position limits regime, about which a consultation run by ESMA has recently closed (see here). This article on the … Continue reading