Financial Regulation

Module: Financial Regulation - Introduction

Module: Market Abuse Directive (MAD)

Module: Regulation on Energy Market Integrity & Transparency (REMIT)

Module: European Market Infrastructure Regulation (EMIR)

Module: Markets in Financial Instruments Directive (MiFID)

Module: Other legislation – Short selling, capital req., money laundering

Reader: Financial Regulation

Exam: Financial Regulation

Register for open enrollment

Objectives

Acquiring insight and knowledge of:

  • Various regulatory packages relevant for energy markets and energy trading
  • The implications of these directives and regulations
    • Financial regulation
    • Regulation for the physical energy markets
  • The impact on liquidity, capital and the business
  • Regulatory bodies and their roles

Course contents

  • Module: Financial Regulation - Introduction
    • Market risk, operational risk, counterparty risk & liquidity risk 
    • Various legislation & the relationships between packages 
    • The variety of regulators and their roles - ESMA, ACER & NRAs
  • Module: Market Abuse Directive (MAD)
    • About directive 2003/6/EC - Market abuse 
    • Prohibition of insider trading & market manipulation 
    • Confidence and trust in markets and prices
  • Module: Regulation on Energy Market Integrity & Transparency (REMIT)
    • About regulation 1227/2011 - Energy wholesale markets
    • Energy-market specific regulation - For power & gas
    • Reporting (+ publication) of fundamental data + transaction data
  • Module: European Market Infrastructure Regulation (EMIR)
    • About regulation 648/2012 - Clearing & reporting obligations
    • Clearing of OTC derivatives, thresholds & margin requirements
    • Central counterparties - Their roles (tasks & responsibilities)
    • Trade repositories - Their roles (tasks & responsibilities)
  • Module: Markets in Financial Instruments Directive (MiFID)
    • About directive 2004/39/EC - Financial instruments
    • Competition between trading venues & integration of markets
    • Commodity derivatives, settlement type and position limits
  • Module: Other legislation – Short selling, capital req., money laundering
    • Short selling - What does it concern and why regulation of it?
    • Capital requirements - CRD, BASEL and other legislation
    • Money laundering - Why does this concern energy trading?
  • Reader
  • Exam
    This is the exam for the Financial Regulation programme. After passing the exam, you will be able to receive your certificate here as well.
Price online €199.00 excl. VAT
Price in-class €690.00 excl. VAT
Calendar in-class Amsterdam
26 Jan 2018

Amsterdam
27 Oct 2018
Duration in-class 1 day
Level Basic
Language English

Course elements

eLearning

6 video modules (a combined total of ~150 minutes of video content).

Extensive Reader

A reader providing significant background and depth.

Tests & Final Exam

Several test questions per module and a final exam covering the whole course.

Certification

When the final exam has been passed you will receive the digital certificate and can be registered with the Charter.