Dodd-Frank swap dealer rules tricky, says Cargill compliance head
Swap dealers playing a guessing game while complying with CFTC rules
A lack of sufficient guidance on key provisions of the US Dodd-Frank Act means swap dealers are being left in the dark when it comes to monitoring their own compliance, according to Uzi Rosha, global chief compliance officer at Cargill Risk Management – the Minnesota-based commodity trader’s swap dealing unit.
Speaking in Houston following a presentation at Energy Risk Summit USA on May 21, Rosha was asked how long it took for Cargill to come into full compliance with Dodd-Frank's swap dealer
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