Asian energy markets liquid enough to sidestep Dodd-Frank compliant firms
The extraterritorial impact of the US Dodd-Frank could be sidestepped by Asian players opting to conduct swap trades with players outside of the regulation’s orbit
There is enough liquidity in Asian energy markets for firms in the region to avoid the Dodd-Frank Act swap dealer requirements by not trading swaps with US-domiciled firms, according to exchange provider CME Group.
Starting on January 1, 2013, any firm classed as a US person under the Commodity Futures Trading Commission definition and any non-US firm trading with a US person will be limited to swaps deals of US$8 billion notional. Once this level is breached, a firm is classed as a swap dealer
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