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Harmonised transaction reporting: probable or impossible?
Archive
15 Dec
2016

Harmonised transaction reporting: probable or impossible?

Transaction reporting can be a difficult regulatory requirement to get right and compliance can be even more complicated due to multiple overlapping transaction reporting regimes, which all serve slightly different purposes and have varying structures. This article looks at the transaction reporting requirements under four key regulations: MiFID II, EMIR, REMIT and SFTR. The first Read More

16 Jun
2016

MiFID II: strategic and business model implications

The revised European Markets in Financial Instruments Directive (MiFID II) looms over the regulatory horizon like an oncoming storm in the financial services industry. Aiming to improve the safety and transparency of financial markets, MiFID II reaches far beyond investment banks, impacting asset managers, commodity firms and OTC brokers and dealers too.  In terms of Read More

23 Nov
2015

SFTs: out of the shadows and into the light

  • 23rd November 2015
  • Aoife Quinn

The final text for the new regulation on the reporting and transparency of securities financing transactions has been finalised after the Parliament adopted the text of the regulation at its first reading on 29 October. The Council subsequently adopted the text on 16 November and now the industry needs to prepare itself for yet another Read More

05 Oct
2015

Welcome to the ‘new world’ … of increased reporting requirements

  • 5th October 2015
  • Stefan Cristian Dorin

JWG analysis. Reporting systems are already buckling under the weight and complexity of new compliance demands, and yet more requirements are on the way.  Trade and transaction reporting regimes are set to expand significantly in 2017 when the Markets in Financial Instruments Directive II (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) come Read More

14 Sep
2015

OFGEM to wholesale energy market participants: “Be warned!”

  • 14th September 2015
  • RegTechFS

JWG analysis. The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) was introduced in 2011 to stem insider trading and market abuse in European wholesale energy markets, under the realisation that market abuse conducted anywhere within interlinked markets would have a significantly wide impact.  With this new regulation – and its corresponding fines – Read More

16 Jun
2015

Energy trading reporting unknowns, 115 days away …

JWG analysis. We are less than 115 days from the point when the first phase of new energy trading reporting obligations kicks in across the EU.  Amidst a recent industry outcry to develop more consistent data reporting standards, the requirements introduced by the Regulation on Energy Market Integrity and Transparency (REMIT) are yet another example Read More

11 Aug
2014

Ready for the ‘summer of 39’ aftermath?

JWG analysis. This summer, regulatory pressure on financial services firms has ratcheted up to unprecedented levels.  Many may have breathed a sigh of relief as Dodd-Frank rule-making slowed … but the respite was only fleeting.  Since July, the industry has been bombarded with 39 new consultation papers (in the EU and UK alone) just as Read More

24 Jul
2014

RegDelta alert no.7: EU market abuse standards now in consultation

  • 24th July 2014
  • RegTechFS

JWG analysis Europe has two key market abuse rule-sets being introduced in 2014/15 – The Regulation on Energy Market Integrity and Transparency (REMIT) and the Market Abuse Directive (MAD) and Regulation (MAR). This month, 4 consultations have been released; two from the Agency for the Cooperation of Energy Regulators (ACER) and two from the European Read More