Author name: Sharon Reaves

REMIT Regulation | Game of Thrones

Alliances and stratagems. Turns out the political twists and turns of the REMIT regulation, the EU gas and power mandate, is like..”Game of Thrones complicated.” There’s a very full field of new RRMs (HERE). Most are absolutely new to regulatory reporting. But, that’s not what’s keeping people up at night. OMP Fragmentation & Uncertainty = […]

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What is an API???

When the Harvard Business Review, a wonderful publication that rarely gets deep in technology “solution-eering”, starts talking about adopting an API strategy, it’s time to lend an ear.  If you have not read it, here it is in full. I’m going to skip over the smart sounding techno-speak of Cambridge for a moment, and head

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Kentucky Fried Counterparty

It’s not new news that BNP Paribas got tagged for nearly $USD9Bn for doing business with Iran, Sudan et al. Doing business with “Specially Designated Nationals” has been a no-no…risky…find yourself Kentucky Fried on that Counterparty since …well, forever. But there are several things happening right now that could be viewed from the beach as

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blue truck in front of tree covered cliff and waterfall

EMIR, It Ain’t Pretty

We’ve got multiple EMIR reporting implementations going on right now and its worth commenting on the current state of EMIR trade reporting. After having done a ton of Dodd-Frank reporting implementations, I can tell you that EMIR is turning out to be a bigger headache. Anyone care to put out an over/under on the Feb

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two feet dangling off edge of cliff

The Gensler-Chilton Step Down…

Both are stepping down.  Fresh on the heels of position limit and entity aggregation rules.  (More on that later). I’ll get on my soapbox for a minute. The biggest risk for poor outcomes in commodities and derivatives regulation is regulators who do not understand the nuanced details of these products. When you cross complex products

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EMIR ETD | “Belay That Order”

News made the rounds last week that ESMA was holding off on requiring ETD deals be reported to TRs until sometime in 2015. Good news, I guess. Leading up to this un-official decision you may have found yourself in the following situations: Trying to convince certain executives that EMIR is a “real deal” and that

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Rock climber

Waiting for EMIR

Safe to say the general gestalt of the industry is DOUBT. Officially, companies are supposed to be sending trades over to a “Trade Repository” or TR by January 2014. We are considering taking spread bets. Here’s what we learned from Dodd Frank in the US: TR submission is inextricably linked to the Electronic Confirm Process.

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