On Bauer Business Focus — A conversation on Dodd-Frank’s implications for the energy industry with Andrew Schneider, business reporter for KUHF 88.7 FM.
Passed in 2010, the Dodd-Frank Act will bring the most sweeping changes in financial regulation to the American business sector since the Great Depression. The lengthy statute will have definite implications for the energy industry, according to Sam Henry, president and CEO for IPR-GDF SUEZ Energy Marketing NA Inc.
Henry, who will speak at the Mar. 23 UH Global Energy Management Conference that focuses on Dodd-Frank and energy, stopped by Bauer Business Focus recently to share his insight.
“I think some of the effects that the Dodd-Frank Act will have will be that people will do less hedging,” he said. “Some market participants will withdraw from the market and then bids spread and become wider and the increase spending on technology and credit cost may mean that the cost to consumers may go up.”
Henry’s presentation at the Mar. 23 conference will focus on how the act will affect his particular sector of the energy industry.
“My job is to manage the risk in the energy trading business. The Dodd-Frank Act will make that more difficult because it will probably mean a lot of participants will change the way they do business and with that, there will be fewer transactions, less liquidity and higher costs.”
Click here to hear the full interview.