The stated purpose of Dodd-Frank is to reduce systemic risk, increase transparency of the financial markets and promote market integrity. Most likely, Dodd-Frank will affect energy companies in connection with their energy marketing, hedging and trading activities—in other words, in connection with energy “swaps.” The consequences will range up and down a sliding scale depending on a particular firm’s activities and the outcome of a federal rulemaking process still many months from completion.
Please join Mayer Brown partners Paul Astolfi and Paul Forrester as they discuss the implications for the energy industry including:
- What energy swaps will (or might not) fall with the proposed forward contract exclusion?
- What is the significant consequence of clearing?
- Who might be a swap dealer?
- What is the status of the required MOU with FERC regarding jurisdiction?
Of Related Interest
US Commodity Futures Trading Commission Issues Proposed Rules Regarding Trading Relationship Documentation
Taxation of the Financial Services Industry - Views from Europe and the United States
Teleconference recording: 5/12/2011
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.