This category contains 23 posts

Brexit update – ISDA FAQs, ESA warnings and more

There have been a few developments on both the financial  side of regulation in Brexit thinking since our last update (see here). On the financial side, ISDA has issued this FAQ on Brexit. It is a “short” version, with a longer version only being available to members. It covers, contractual, access, and regulatory issues considering … Continue reading

One year to go: Brexit is coming

One year from today, the UK will leave the European Union. In our last post here, we reported that the UK and European  Commission had jointly issued a new version of the draft withdrawal  treaty. This week has seen speeches from both the Bank of England (here) and the Financial Conduct Authority (here). In summary … Continue reading

The Brexit story continues

Yesterday saw many headlines in the story of Brexit, with a “significant step” in finalising a transition agreement announced (for example see here on the Sky new web site, here for the statement from the UK Department for Exiting the EU and here for the announcement from the European Commission). A new version of the … Continue reading

Brexit update – positions forming but details still missing

With the political debate both within the UK and outside raging, there have been a few developments of note to  the energy and commodities markets since our last post here. Most recently, Jeremy Corbyn, leader of the opposition Labour party , made a speech yesterday (see here) stating the party’s Brexit position. Within the speech, … Continue reading

Brexit news: TRs, Internal Energy Market and more

While the political stances of both the UK and the EU are widely reported (for example here on Sky News), practical considerations for market participants becomes ever more important as the exit date approaches. There have been further developments since our last post here. ESMA has been informing  Trade Repositories, as well as others such … Continue reading

Brexit update – and meetings at eWorld

As the date of the UK’s departure gets nearer there still appears to be little solid information on work that must be carried out in the next 14 months. Never the less the news continues following our last post on the topic (see here). The general news talks of the higher level political process, for … Continue reading

Brexit day gets closer

With the MiFID II deadline now passed, despite continuing developments(see here), many are starting to consider the actual impact of “Brexit”, especially those in the UK or dealing with UK counterparties. There is a great deal of headline level discussion at present about the shape of deals, and other political considerations (for example see this … Continue reading

2018 begins – what does it have in store?

The 2018 working year starts today for most, which provides a good opportunity to consider the months ahead. Start of year The end of 2017 has unsurprisingly busy, with several pieces of news posted since our “end of year” entry.  In addition to today being the first day on which Swiss “FC-” and “NFC+” entities … Continue reading

The year winds down, sort of

For many this will be the last working day of the year. However, the wind down is not quite as widespread as usual, given the proximity to the MiFID II deadline, less than two weeks away. With several new pieces of information coming out in the last days, both generally (see here) and related to … Continue reading

Brexit developments

While Brexit has been making general political headlines (for example see The Telegraph here), more sector specific issues are of key importance, if planning for March 2019 is to be at all possible. Last week Christopher Giancarlo, the Chair of the CFTC gave this speech at the Bürgenstock conference. The speech includes comments relating to … Continue reading