Iosco likely to act on commodity storage concerns

Regulator probe touches on controversy over warehouses and role of banks

Iosco commodity storage probe targets a controversial area

A subcommittee of the Madrid-based International Organization of Securities Commissions (Iosco) is likely to recommend the body takes action on commodity storage infrastructure at an Iosco board meeting due to be held in October, says the senior regulator leading its work.

Iosco is looking into the relationship between commodity derivatives and storage infrastructure, such as metals warehouses and oil terminals, as part of a probe that first began in 2013. Work on the project is being carried ou