In my experience, the "right" technology solution meets an important business opportunity/problem cost effectively with a good balance of simplicity and pragmatism. As we transition (more...)
As Final Rules Begin to Emerge, Dodd-Frank Questions and Comments Continue
With almost a year of writing proposed rules under their belts, the Commodities Futures Trading Commission (CFTC) still has a long road ahead to institute regulations required by the Dodd-Frank Act. All energy trading organizations will face (more...)
Dodd-Frank remains a hot topic among energy trading firms as the Commodity Futures Trading Commission (CFTC) continues to shepherd derivatives[1] reform regulations through the proposed phase. Overall, the early expectations for cost to comply are quite hefty. Projected capital costs will easily be in the tens of millions of dollars for swap dealers (SDs) and Major Swap Participants (MSPs). For non-SD/MSPs, the costs (more...)
While many energy trading organizations are still wrapping their arms around the derivatives requirements, I am involved in a project that is investigating what it will take to implement Dodd-Frank. My client will fall into the swap dealer/major swap participant category, which means they will feel the full brunt of much of the legislation. Though requirements for those who aren’t (more...)