See here for the final article in the three part series by Diana Higgins on the benefits of Portfolio Compression from a credit perspective. The article appears on The OTC Space.…
The UK's Confederation of Business and Industry(CBI) have made comments supporting the Electricity Market Reform(EMR) which can seen seen in this article on the Businessgreen web site. There are an…
See here for an interesting article in the International Financing Review about a possible issue where trades that arise out of a compression may need to be cleared under EMIR,…
Europex (the association of European energy exchanges) have just published this statement about whether physical commodity trades should be classified as derivatives, as defined in MiFID Annex I section C.…
ESMA have published an updated version to their Questions and Answers document on EMIR, which can be found here. Among the interesting items for the energy and commodities trading industry:…
ESMA have published the responses to the consultation held recently on the forthcoming Market Abuse Regulation (MAR). This regulation extends the original Market Abuse Directive (MAD), and generally applies to…
The beginning of December sees the rolling out of the ESMA "Level 1" requirements for EMIR Trade Reporting. This represents an attempt by ESMA to improve reconciliation rates at and between…
Norton Rose have updated their MiFID II/MiFIR guide on its application to commodities. It can be found here.
According to this FT report, the confusion around the definition of an FX derivative has been extended until the implementation of MiFID II. We should therefore not feel alone in…
ISDA have just updated their useful compliance calendar. The latest version can be found here.