Energy firms gear up for new data management requirements
Upcoming regulatory reporting requirements will mean a vast increase in the amount of data being handled by energy companies and most will require updates to their existing systems. Gillian Carr speaks to industry experts about what to expect
Under a raft of upcoming financial legislation, specifically Dodd-Frank in the US, and the European Market Infrastructure Regulation (Emir) and Regulation on Energy Market Integrity and Transparency (Remit) in Europe, energy market participants will soon have to report trades to various trade repositories.
This could have a profound effect on the way these organisations collect, store, standardise and send data, and will almost certainly result in far higher amounts of data needing to be
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