Many view the Dodd-Frank Act as exceeding the requirements of the 2002 Sarbanes-Oxley Act, adding the risk of new reporting challenges for every energy, finance, manufacturing, and other company that trades commodities in US markets.
Like Sarbanes-Oxley, which became law in the wake of the Enron meltdown, Dodd-Frank is a regulatory reaction to severe market correction, but its scope goes beyond compliance to fundamental shifts in how companies conduct their daily business. Dodd-Frank isn’t just a set of new rules; it is a requirement to transform the way companies manage their portfolios, their interactions with counterparties, and much more, from position limit monitoring to new, faster reporting requirements. It means the end of today’s business as usual and the dawn of a new approach to commodity trading and risk management.
In line with this view, RiskAdvisory’s Charlie Sanchez will be part of a panel “Regulations Affecting the Natural Gas Industry – Dodd-Frank: What’s Next and What are People Doing About It?” on Tuesday, Sept. 13 at the LDC Gas Forum in Chicago.
A graduate of Rice University in Houston, Sanchez held senior management positions with several firms, including an energy brokerage, a natural gas utility, and an energy commodity risk consulting company.