It’s time to buckle down and confront the reality of regulatory reporting under multiple global regimes
By Dr Mark Earthey, senior consultant at
Market participants in the energy and
commodities space are confronted by an ever-increasing burden
of unwelcome regulation, much of it originating from the
financial sector. Although attempts continue to lobby
regulators and politicians to spare the energy and commodity
markets the most onerous aspects of EMIR and MiFIR,
it’s probably too late to ask, 'Why
Us?’ Instead, it’s time to buckle
down and confront the reality of regulatory reporting under
multiple international regimes, with REMIT commencing in less
than a month.
Dr Earthey examines the issues,
concluding that old approaches using point IT solutions cannot
The compliance task facing major energy
and commodity players is not easy, given the multitude of new
national and international directives and regulations.
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