Tag Archives: end users

Approaching Ambiguities in the Financial Entity Definition

The third installment of our ongoing series on the 2014 CFTC Reauthorization Act covers a potential change to the definition of a "financial entity", which has been a particularly troublesome and confusing definition for end-users, and the banks that enter into swaps with them. In addition, the CFTC may be able to address the confusion through its rule making and interpretations, without the need for a legislative change.… Continue Reading

CFTC Approves Important Rule Amendment for Government-Owned Utilities and Their Swap Counterparties

On September 17, 2014, at the first Open Meeting of the Commodity Futures Trading Commission chaired by Timothy Massad, the CFTC approved an important amendment to its Dodd-Frank Act rules for government-owned electric and natural gas utilities and their swap counterparties. The rule amendment provides a permanent regulatory fix to a serious problem for utility special entities arising out of the CFTC rules published in 2012 defining which entities must register with the CFTC as "swap dealers."… Continue Reading

Commissioner Scott O’Malia to Become CEO of ISDA – Will ISDA Increase its Focus on the Energy Industry, Commercial Market Participants and Physical Commodity Markets?

Following the CFTC announcement that Commissioner Scott O'Malia has resigned his position effective August 8th, ISDA has now announced that O'Malia will become its CEO effective August 18th. O'Malia's leadership of ISDA could be a particularly important development for those in the energy industry and other commercial market participants, including "end-users."… Continue Reading

Free Webcast: End-User Exception to Central Clearing Dec. 4th at 1 p.m. Eastern

On December 4th at 1 p.m., FTI Consulting will host a free Securities Docket webcast on the end-user exception to central clearing.  PRESENTERS Erik F. Remmler, Associate Director of the Commodity Futures Trading Commission Dr. Susan Mangiero, FTI Consulting Andrew P. Cross, Reed Smith DATE & TIME December 4th, 1:00 p.m. Eastern COST Nothing – it … Continue Reading

Op-Ed: The Imposition of Margin on End-Users is a Marginal Issue

Over the past two weeks, a discussion has ensued between lawmakers and policymakers tasked with implementing derivatives market regulatory reforms under Dodd-Frank. At a high level, (mainly) Republican lawmakers have been repeating the mantra, “Dodd-Frank is not intended to impose margin requirements on end-users and doing so will hurt Main Street by making derivatives trading … Continue Reading