Q. A lot of energy companies and traders argue that their activities don’t pose a systemic risk to the rest of the financial system, so they shouldn’t be caught under Dodd-Frank. What’s your response?
A. Scott O'Malia: In fact, they’re right. Congress drafted that they be exempt from the clearing requirement and now we’ve had some report language and other comment from the Hill, specifically the Lincoln-Dodd letter, talking about the necessity of minimising end-users from margining uncleared pos
The week on Risk.net, October 6-12, 2017Receive this by email