Swap-reporting rules difficult for energy-market participants

The Dodd-Frank Act mandated reporting of over-the-counter derivatives, which has become a challenge for energy-market participants, according to panelists at an industry conference. Jerry Jeske of Mercuria said that many energy-market end users are hesitant to participate in reporting trades to swap-data repositories. "It's great that the structure of Dodd-Frank and the [Commodity Futures Trading Commission's] regulations lay out the priorities of who has to do what, but they do not really contemplate the need to reach agreement. That agreement may not be palatable for a lot of end users," Jeske said.

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