The report evaluates how well futures market regulators are able to access key information for related commodity markets over which futures regulators for the most part lack jurisdiction. This applied to cash markets and those for over-the-counter derivatives.
Improved regulatory powers of supervision and enforcement are recommended in addition to increased global co-operation between supervisors across national borders, eliminating barriers to legal and regulatory frameworks.
The Commodity Futures Trading Commission and the Financial Services Authority have welcomed the proposals.
The report can be downloaded here.
The week on Risk.net, December 2–8, 2016Receive this by email