Post on wash trades
See here for an informative post about wash trades, by Gordon Allott of Broadpeak Partners. A wash trade is defined in ACER's REMIT guidance as: The practice of entering into…
Welcome to 2015
For many, today is the first working day of 2015. In our world of commodity and energy trading regulation, we are likely to have a busy year. Here we will…
The potential regulation of commodity benchmarks
See this interesting story on Bloomberg about regulation that may soon apply to the calculation of benchmarks in the commodities area. The article looks at how this may, or may…
Big fines for market manipulation – Should we panic now?
Last week saw the FCA fining 5 banks £1.1bn for the manipulation of indices covering the FX market. Once again, regulators are showing that they will not tolerate market abuse,…
ISDA response to MAR consultation – interesting comments on interaction with REMIT
See here for ISDA's response to the consultation(here and here) on the upcoming Market Abuse Regulation, also known as "MAD II". It is the latest set of rules that will apply…
Benchmark manipulation – how will the rules apply?
See here for an interesting article from Reed Smith about the different rule making taking place around the world regarding benchmark manipulation. In particular it suggests that while benchmarks are not…
Responses to MAR consultations published
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…
Trade surveillance – an interesting article from the FX side
See this interesting article in LeapRate on the current and future approaches that the FCA are taking to trade surveillance. With the advent of REMIT and also MAD II/MAR we…
Post on MAD II / MAR
See here for a post on Finextra by Magnus Alquist about how to prepare for MAD II/MAR. (The new version of the Market Abuse Directive)For those in the energy industry,…