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
US energy firms have plenty of work in the next few months as they seek to become compliant with new regulations stemming from the Dodd-Frank Act. The US Commodity Futures Trading Commission (CFTC) voted to finalise the definition of a ‘swap’ on July 10, triggering a regulatory countdown that will force many companies to fundamentally change the way they trade derivatives. The first wave of Dodd-Frank rules – including spot-month position limits and swap dealer registration – is expected to come
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