Energy Risk Asia: Dodd-Frank could hit Asian energy firms hard

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The potential extraterritorial application of the Dodd-Frank Act could have severe implications for Asian energy companies, according to panellists at sister publication Energy Risk's Asia conference in Singapore today. The Dodd-Frank Act sets out strict requirements on central clearing and reporting for those entities deemed to be swap dealers or major swap participants – which could capture global energy trading firms. "At ConocoPhillips, we like to view ourselves as commercial end-us