This category contains 19 posts

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

Brexit positions

The last few days has seen a few publications on the subject of Brexit. The UK’s Department of Exiting the EU has published several position papers over the past few days. These include this paper on enforcement and dispute resolution which proposes how the UK and EU can work in partnership on cross border issues. … Continue reading

Brexit considerations in energy and financial regulation

With the discussions on the details Brexit now taking place at governmental level (for example see this article on the Reuters web site), many in the market will wish to understand how the UK’s departure from the EU will affect business activity. Those in the Energy and Commodity sector will need to understand this on … Continue reading

More on EMIR

See here for an article on the Reuters web site which talks of the difficulties for some of preparing for the start of the new EMIR RTS, on 1st November. It features an interview with Collin Coleman of NEX who discusses the changes, and also the fact that for some Non Financial Counterparties, there will be … Continue reading

Brexit and the Internal Energy Market

The UK’s departure from the European Union, scheduled for March 2019, creates several areas of uncertainty in terms of the regulation of both the financial and energy markets. This article on the Euractiv web site summarises a report by Chatham House (see here) which argues that in the short term, if an agreement is not … Continue reading