An Introduction to Commodity and Energy Trading Regulation - Risk Books
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An Introduction to Commodity and Energy Trading Regulation

Edited By Aviv Handler

Overview

The financial crisis triggered an avalanche of legislation, much of which is being directed at the banking world. Such legislation includes the European Market Infrastructure Regulation (EMIR), Markets in Financial Instruments Directive and Regulation (MiFID II), Market Abuse Regulation (MAR), plus others such as the Financial Markets Infrastructure Act (FMIA, or FinfraG).


These regulations have been put in place primarily to address the issue of systemic risk. The commodity and energy trading market has, for the first time, also been hit, not only with these rules, but also specific ones such as the Regulation on Energy Market Integrity and Transparency (REMIT). In Europe the volume of rules has been particularly heavy.


The rules continue to arrive and to change, with far-reaching consequences for the markets to which they are applicable. MiFID II will have a significant impact on many market participants, demanding more intensive changes than ever before; MAR, much like REMIT, will require a vigilant attitude to abuse inside a company, an attitude which the FCA recently found to be lacking in the commodities industry. It is expected that regulators will take a far stricter stance in policing the business from now on.

Publish date: 31 Jul 2017

Availability: In stock

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Book description

It has been difficult for market participants to keep informed about these rules; to fully comprehend them and to understand specifically how to implement them. An Introduction to Commodity and Energy Trading Regulation gives a comprehensive view of these examples of recent legislation in one place, examining the impact the rules will have on market participants and how they can become compliant.

An Introduction to Commodity and Energy Trading Regulation provides a summary of the most significant post-crisis regulations as they pertain to the European energy and commodity markets in particular. Author Aviv Handler, the Managing Director of ETR Advisory who possesses possessing nearly two decades of experience in energy trading, credit, risk and financial technology, leads the reader through each regulation, getting them up to speed on the rules and how best to comply with and observe them.

Book details

ISBN
Book - 9781782722847
Publish date
31 Jul 2017
Format
Paperback
Size
155mm x 235mm

Editor biography

Aviv Handler

Aviv Handler is the Managing Director of ETR Advisory, a niche consultancy focused on energy regulation. ETR also runs the blog at www.energytradingregulation.com, which provides news and thoughts about developments in the regulatory field in one place. He has more than 18 years of experience in energy trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

Table of contents

  1. Introduction
  2. Big Compliance hits Energy and Commodities
  3. The Four Streams of Regulation
  4. EMIR and FinFrag
  5. REMIT and Elcom
  6. MAR
  7. MiFID II
  8. The Rest of MiFID, including CRD IV
  9. Rules Outside of Europe
  10. Organising Compliance
  11. IT Approaches
  12. Looking Forward

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