Dodd-Frank Act
Firms shy away from public utilities despite CFTC relief
No-action letter not enough to convince counterparties to trade with public utilities
CFTC clarification on physical gas deals welcomed
CFTC answers concerns over treatment of physical gas storage and transportation agreements under Dodd-Frank
Uncleared margin rules threaten E&P hedging
Exploration and production companies can find it difficult to satisfy collateral demands when looking to hedge their output using derivatives. Now, Dodd-Frank threatens to make this even harder with margin requirements for uncleared trades. Alexander…
Banks cut commodity VAR as regulatory reform bites
Basel capital rules and regulatory reform stymie risk appetite of major banks in commodities
CFTC may alter stance on physical gas deals
Agency expected to respond to natural gas industry fears about Dodd-Frank swap definition
CFTC offers last-minute Dodd-Frank relief
Agency eases compliance burden for commodity and energy firms
Corporate statement: BroadPeak Partners
BroadPeak Partners and consultancy Baringa Partners put the operational cost of a single lost or mis-booked trade at more than $600. But the cost in terms of risk miscalculation and compliance is often much higher
Position limits rejection lifts compliance burden
Rejection of Commodity Futures Trading Commission rule brings short-term relief and longer-term uncertainty, say consultants
Counterparties abandon US public utilities over Dodd-Frank fears
Publicly owned utilities say a growing number of energy companies are refusing to trade with them ahead of the deadline for swap dealer registration
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
Publication of swap definitions triggers countdown to compliance deadline
The publication of swap definitions earlier this week initiates a 60-day countdown for compliance to key parts of the Dodd-Frank Act
Dodd-Frank introduces technology challenges
Now that US regulators have set the clock ticking on Dodd-Frank, energy firms are sprinting to comply with the new rules. But adapting their legacy trading and risk management systems will be a significant challenge, Alexander Osipovich finds
Corporate statement: energycredit
David Carruthers, managing director of energycredit, a Temenos company, discusses the raft of new reforms and regulation either proposed or recently implemented on both sides of the Atlantic. He covers the steps being taken by firms to prepare for this …
US energy firms cheer CFTC decisions on ‘swap’ definition, end-user exception
The US energy industry scores a victory as the Commodity Futures Trading Commission finalises two key pieces of Dodd-Frank derivatives regulation, modifying its original proposals to ease the compliance burden on firms that operate in physical energy…
Fallout from JP Morgan loss will hit energy markets: IEA
JP Morgan’s recent $2 billion trading loss could toughen a trio of Dodd-Frank Act rules, potentially hurting energy markets, the International Energy Agency says
Will CFTC's new powers lead to more market manipulation cases?
US regulators have gained new powers to battle energy market manipulation, and the White House is pushing them to act more aggressively. Should traders be worried? Alexander Osipovich reports
Energy Risk USA: End-user exception to clearing impractical experts warn
The Commodity Futures Trading Commission’s proposed rule on the end-user exception to clearing is unworkable for many energy firms that use swaps for hedging say market experts
Energy Risk USA: CFTC to move quickly on swap definition – Berkovitz
The US Commodity Futures Trading Commission (CFTC) is very close to finalising its long-awaited definition of a swap, says CFTC general counsel Dan Berkovitz
CFTC Dodd-Frank rule-making to drag on until fourth quarter, says O’Malia
CFTC commissioner raises doubt over time line for Dodd-Frank Act – despite a proposed five-month delay
Can the boutique energy brokerage survive Dodd-Frank?
The Dodd-Frank Act is set to drastically reshape the over-the-counter energy derivatives brokerage industry in the US, as small firms in particular are threatened with the loss of their independence. Alexander Osipovich finds out how brokers are coping…