Friday 5 August will be the end of an era for energy traders that have relied on the Yahoo messenger over the years, as the tech company winds down the traditional service. A proliferation of companies have looked to step into the gap – read more on that here. The result is most energy traders […]
Energy Connections
Brexit vote muddies the financial regulation waters for energy traders
The Monday after the Friday before, and what the UK electorate’s decision for Brexit means is still unclear. If anything, it seems more unclear now than on Friday morning, when the shock of the result made it seem like the exit would be swift. That seems unlikely now. One of the more interesting questions (for […]
An easing of the financial burden, perhaps
Energy traders, generally, have been arguing their case for why they should not be regulated under the second markets in financial instruments directive (MiFID II) for some time now. What has been given less attention is some of the consequences of other, related legislation. For example, a firm supervised under MiFID II will instantly have […]
Time for a dose of realism in designing financial regulation
It is interesting to think the UK’s Financial Conduct Authority (FCA) planned to start accepting from April applications for licences to operate as an investment firm under a new EU financial regime that was slated to come in in early 2017. Now the start of the second markets in financial instruments directive (MiFID II) has […]
In or out? Why those steering Europe’s single energy market might pay attention to the UK’s EU referendum debate
Being a UK-based company, the news schedule my colleagues and I at ICIS are exposed to away from the work place has already been dominated for weeks by the UK’s EU referendum, despite the vote being four months away. The issue at the heart of this debate strikes a chord with the key issue that […]
ACER looks to form group on energy derivatives
EU regulators agency ACER is looking for people to form an ad-hoc expert group on energy commodity derivatives. This is hardly surprising given how difficult defining energy derivatives has become, and the even harder part of understanding which EU legislation an energy derivative or physical forward falls under. The group will advise the agency on […]
UK urged to extend max jail term for market abuse to 10 years
The Bank of England has suggested that the max jail term for anyone guilty of market abuse be extended to 10 years from the current 7, in its Fair and Effective Markets Review out on Tuesday evening. If the UK government follows through with the suggestion, this means anyone guilty of insider trading or market […]
Negotiation set to shape key energy regulation
The next few weeks and carrying through July are likely to result in some important regulations for the energy industry being shaped, although we are unlikely to see the final versions emerge until the autumn. The much-discussed topic of what is a power and gas forward that must be physically delivered rumbles on. The European […]
EMIR review launched
The European Commission has launched a review of the European Markets and Infrastructure Regulation, better known as EMIR. Details can be found here.
Proposal could shine bigger light on EU policy development
The European Commission has said in the future it will look to make draft texts of its implemented and delegated acts for key EU financial publicly available. First vice-president Frans Timmerman has made the proposal as part of his better regulation agenda. The proposal is at the early stages, with the commission hoping to conclude […]
Jump to page: