Editor's letter – Dodd-Frank's unintended consequences

Stella Farrington - Editor - Energy Risk

It’s a commonly voiced concern in the energy trading world that the implementation of the Dodd-Frank Act and other regulation will create unintended consequences. While the long-awaited decision by the US Commodity Futures Trading Commission (CFTC) on its swap dealer definition brought immense relief to many US energy companies, a provision within the definition remains of great concern to publicly owned power utilities.

Under the CFTC’s finalised definition, there is a second, parallel de

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