Firms shy away from public utilities despite CFTC relief

electricity-pylons
Utility counterparties fear being caught on the wrong side of the line

US public utilities claim they are still being avoided by counterparties in the over-the-counter derivatives market as a result of the Dodd-Frank Act, despite a recent no-action letter from the Commodity Futures Trading Commission (CFTC).

On October 12, the CFTC released a no-action letter that would make it easier for firms to do business with public utilities without being labelled ‘swap dealers’. Dodd-Frank brings in stricter oversight for swap dealers, which will become subject to additional

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: