Energy firms give mixed response to Dodd-Frank swap reporting delay
Energy firms frustrated and relieved after eleventh-hour change to Dodd-Frank swap reporting deadline
For more than half a year, risk and compliance specialists at US energy firms had been fixated on April 10, when new rules on swap trade reporting were set to come into force under the Dodd-Frank Act. But just one day before the deadline, the US Commodity Futures Trading Commission (CFTC) gave companies several more months to comply – a move that has created relief for many firms, but generated frustration among others.
“The CFTC gave people what they wanted, but it’s unfortunate that they
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