ESMA announced yesterday that they will not extend the carve out which allows non collateralised bank guarantees to be used to cover cleared energy derivatives. The announcement can be found…
Rocket magazine, published on The OTC Space web site, is now available for download from here. The magazine has many derivatives related articles to read. Those in Energy and Commodities will…
ESMA have today published their proposed changes to the Technical Standards around trade reporting under EMIR, which can be found here. It will be submitted to the European Commission who…
Today sees the start of "Level II" validations under EMIR. This sees a "tightening" of the values that may be sent as part of an EMIR trade report to a…
The London Metal Exchange (LME) have recently issued this paper which examines the impact of several regulations on the metals trading market. MiFID/MiFIR The paper first notes that the loss…
ESMA today issued this press release announcing the availability of translated versions of guidance on the application of MiFID Annex 1 Sections C6 and C7, which form the basis of defining whether…
ESMA have just issued an updated version of their questions and answers document on EMIR (here), following on one day after a new Q+A was issued for REMIT. There is…
See here for a timely piece on Bloomberg View, which reminds us that now, with markets in turmoil, would be a good time foe regulators and central banks to use…
Following ESMA's publication of recommendations as part of the European Commission's EMIR review, and some responses from the industry, ETR Advisory have written some short notes, which can be found…
The Bank of International Settlements and IOSCO have issued this consultation paper which contains proposals to harmonise the use of Unique Transaction Identifiers across different derivative reporting regimes. The different reporting…