Event Agenda

Energy Risk Regulatory Update Event Agenda

 

Day 1 - Wednesday 14th November

08:30

Registration and Refreshments

09:00

Introduction to European energy and commodity regulation

  • An overview of the rules affecting the European energy markets: EMIR, REMIT, MAR, MiFID II and others
  • Three main objectives; market transparency, market integrity, and systemic stability
  • Brexit – what impacts will we see? 
  • Dealing with regulations and regulators from other jurisdictions
  • Differences in EU vs US regulation
  • European benchmark regulation
  • FinfraG main requirements & obligations
  • SFTR – an overview &  its relevant for the energy/commodities market 
  • How, when & to whom do we report?

Speaker: Aviv Handler, Managing Director, ETR Advisory

10:30

Morning Break

11:00

MiFID II

  • MiFID II introduction
  • Broadened scope of MiFID I
  • Impact on energy trading firms
  • ISIN codes: uses & challenges
  • The ancillary activity test : background and purpose 
  • Position limits & position reporting
  • Legal entity identifiers
  • Discussion on transaction reporting regime
  • Algorithmic trading 
  • 11 months in - how has implementation gone?

Speaker: Aviv Handler, Managing Director, ETR Advisory

12:30

Lunch

13:30

Anti-abuse legislation: MAR

  • Scope of MAR
  • Differences between the rules
  • Inside information: Definition, prohibition and disclosure under MAR
  • Implementation according to your organisational requirements
  • Monitoring and suspicious transactions and orders reporting
  • Market abuse control frameworks; how to develop an effective market abuse control framework
  • Examples of regulatory enforcement and penalties
  • Verbund market surveillance solution

Speaker: Stilyan Kutsarov, Risk Manager, Verbund

15:00

Afternoon break

15:30

REMIT & Market Manipulation

  • Overview of the key requirements
  • Scope of the rules & differences between REMIT & MAR
  • Market manipulation: What constitutes market manipulation?
  • Market abuse rules under REMIT and MAR: Interactions and differences
  • Monitoring against market abuse and creating a compliance culture
  • Case studies & problematic behaviour; ACER guidance on wash trades & capacity hoarding

Speaker: Marc Merrill, Senior Vice President, Director – International Law & Global Trading, Uniper

17:00

End of Day One

Day 2 - Thursday 15th November

08:30

Morning Refreshments

09:00

Reporting under REMIT & compliance update

  • REMIT reporting requirements
  • What must be reported, how and when?
  • REMIT data quality
  • Practical steps to delivering and reporting compliance
  • Looking at the ACER letters on data quality
  • Reporting statistics and monitoring activities
  • Investigation activity
  • Compliance activity 

Speaker: Nikos Triantafyllidis, Group Financial & Energy Markets Compliance Manager, OMV

10:30

Morning Break

11:00

EMIR & reporting requirements

  • State of EMIR as it currently stands
  • EMIR threshold calcultion
  • EMIR reporting requirements
  • Changes to be made as part of the REFIT programme
  • Review of EMIR reporting rules and the challenges and successes so far 
  • What must be reported, how and when?
  • Alignment of REMIT & EMIR reporting: gaps and overlaps
  • Practical steps to delivering and reporting compliance
  • Latest changes & future scope

Speaker: Maria Popova, Regulatory and Policy professional, European Federation of Energy Traders

12:30

Lunch

13:30

Renewable energy trading & sustainable development 

  • Regulatory overview; sustainable energy trade agreement
  • Focus on services (construction & professional)
  • What is the EU clean energy package and how could it transform the energy market?
  • Possible amendments to the package
  • Assessing climate risk
  • Ensuring risk preparedness

15:00

Afternoon Break

15:30

Evolving technology in energy markets

  • Buy vs Build vs Buy & Build
  • Benefits of a platform
    • What can you do with a platform?
    • Linking quantitative analytics to risk
    • Smart stress testing powered by machine learning, not just historic movements
    • Agile yet controlled and audit friendly development, removing risk from excel-based workflows
  • What do we see from energy traders?
    • Data science needs / requests
    • Analytics needs in the risk system (XVA, incremental VaR, risk etc)
    • Smarter pre-trade analysis (the strengths of Strategy BackTester)
    • Back office and regulatory reporting
    • Performance needs (solved by elastic cloud compute)
  • Observations on blockchain/trade finance & trade surveillance

Speaker: Richard Jefferson, Chief Financial Officer, Beacon Platform Inc

17:00

End of Course