This category contains 8 posts

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

Could EMIR reporting change? Articles and information on trade reporting under EMIR, MiFID, SFTR and FinFrag

There has been a great deal of discussion on the future of EMIR following the EMIR review in 2015. Some of this has focused on whether the reporting of trades under EMIR should move to a one sided model, or possibly one with “enforced delegation” when a financial counterparty trades with a “small” non financial. … Continue reading

Final report on SFTR issued by ESMA

ESMA have issued a final report on the Securities Finance Transaction Reporting rules, which can be found here. The associated press release is here. SFTR will require all market participants to report “securities financing” transactions, which includes commodities lending, to Trade Repositories. Page 60 of the document, section addresses some commodity specific issues. It refers … Continue reading

Article on regulatory change and architecture

See here for an article by Ian Sutherland on The OTC Space about implementing regulatory change and technology. While the article is focused on banking , the energy and commodity sector is in the process of grappling with similar issues. These are the ones of whether to approach regulatory change on a strategic or tactical … Continue reading

What does 2017 have in store for us?

For many, today is the first working day of 2017, which is also the original start date of MiFID II, before it was delayed by a year. With an eventful year behind us, what can we expect in the coming months, both on paper and in reality? Rules There is one year to go until … Continue reading

SFTR Discussion Paper issued by ESMA

ESMA have issued a discussion paper on SFTR, the Security Financing Transaction Reporting rules. The paper can be found here. SFTR requires that all securities financing transactions be reported to a Trade Repository. This includes commodities lending and commodities financing. It is likely that commodity and energy market participants will be caught by these rules … Continue reading

Another article on SFTR

Following yesterday’s post introducing the Securities Finance Transactions Regulation (SFTR) and how it affects the commodities markets, Baringa have also written this post on the topic. We can expect more information to be distributed over the coming weeks and months.

SFTR – How will it affect the commodities markets?

The Securities Financing Transaction Regulation (SFTR) was adopted by the European Parliament in November 2015 and published in the official journal on 23 December 2015, which means that it came into force on 12 January 2016. The regulation can be found here. The rules apply to “commodities lending” as well as securities lending and include reporting requirements … Continue reading