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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 1104 posts for Energy Trading Regulation

FCA sees deficiencies in MAR implementation and a fine

Earlier this week, Julia Hoggett, Director of Market Oversight at the FCA, made a speech at the AFME Implementation of the Market Abuse Regulation in the UK event. It can be found here. The speech makes several points around the implementation of MAR and anti abuse policies in general, including combating conduct risk. Some of the … Continue reading

Brexit update – many new documents as the date approaches

While the politics around the Brexit process grow become ever more frantic (for example see here on BBC News), preparations for a possible “no deal Brexit” now need to move into reality mode, given that there are just over 6 weeks until this may occur. Since our last post here, there have been several developments … Continue reading

EMIR updated Q+A, REFIT update and Central Bank of Ireland statement

EMIR Trade Reporting ESMA has issued an updated version of the Questions and Answers document on EMIR trade reporting, which can be found here. It contains several updated answers, some of which will be of interest to energy and commodity market participants: TR Question 34 (page 93) – Adds a method to report such contracts  … Continue reading

New REMIT Quarterly reveals reporting issues, algorithmic trading development and inside information direction

ACER issued the latest version of the “REMIT Quarterly” newsletter on Friday, which can be found here. It contains a wide range of content spanning multiple REMIT related topics. In addition to the regular statistics found in previous newsletters(see here), there are several points of interest relating to: Reporting Algorithmic trading Inside Information disclosure Reporting … Continue reading

GB Capacity market developments

Following the suspension of Great Britain’s Capacity Market following a ruling by the European Court of Justice (see here) and some interim actions by the UK’s Business, Energy and Industry Strategy  department (BEIS) (see here), the European Commission has lodged an appeal. The appeal is reported here on The Energyst’s web site and also here … Continue reading

ESMA issues statement around EMIR REFIT and upcoming deadlines

ESMA has today issued this statement, around the issues raised by the EMIR “REFIT” programme not yet being published in the Official Journal of the European Union, and therefore note starting. In particular, the statement addresses the issue of the looming final backloading deadline on 12th February 2019, and also the potential start of the … Continue reading

eWorld – Essen 5th and 6th February

The “e-world” exhibition takes place next week in Essen, Germany (see here). This sees a gathering of a large cross section of Europe’s energy industry. Anyone wishing to meet on the 5th or 6th February for a general discussion on the regulation of the wholesale energy market is welcome to email info@etr-advisory.com

Brexit update – plenty more guidance in the face of uncertainty

The political side of Brexit has seen plenty of news over the last two weeks, and this is set to continue, with another vote in the UK Parliament tomorrow (see here on the BBC web site for example). Since our last post here, there have also been some regulatory developments on the financial,energy and commodity … Continue reading

MiFID II position limits opinions – and anniversary comments

ESMA has published “opinion” documents on six position limits set under MiFID II. The limits themselves have already been announced by the relevant National Competent Authority. Each opinion has confirmed the limit at the level originality set. The documents explain the rationale for each limit, how the deliverable supply has been calculated and how spot … Continue reading

Report on Nordic power market default

A report has been published by Finanstilsynet, the Norwegian National Competent Authority, on the issues that contributed to a large default that took place last September 2018 on the Nordic power market (see here). The report identifies issues with the exchange operator who, according to this report on Reuters, relied too heavily on resources in … Continue reading