When it came to disentangling the UK from the European Union, financial services was always going to be a flashpoint. The first shots were fired last week in the guise of reforms to the EU's framework regulation on derivatives – 'EMIR'.
When it came to disentangling the UK from the European Union, financial services was always going to be a flashpoint. The first shots were fired last week in the guise of reforms to the EU's framework regulation on derivatives – 'EMIR'. Alongside a fairly innocuous legislative proposal, the Commission published a Communication outlining several options for a second proposal in June, which will go to the heart of the question over London's role in the European financial system after Brexit.
While new reporting obligations are set to enter into force on 7 October, it is not the only challenge energy traders will be facing in a near future.
While new reporting obligations are set to enter into force on 7 October, it is not the only challenge energy traders will be facing in a near future.
