Energy Cos. Want A Pass On Dodd-Frank Trading Rule

Law360, New York (February 15, 2012, 12:55 PM EST) -- Seven energy trade groups asked the White House on Tuesday to exempt natural gas and electricity companies from a proposed rule in the Dodd-Frank financial overhaul intended to curb risky derivatives trading.

The rule, which the Commodity Futures Trading Commission may put into effect later this month, would require entities defined as swap dealers to post additional collateral for trades involving over-the-counter derivatives. The measure is designed to move most of the OTC market onto regulated clearing exchanges in order to increase transparency and reduce systemic...
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