Task force on commodity futures says better supervision and transparency are requiredMADRID - Industry standards body the International Organization of Securities Commissions (Iosco) has released its final report by its task force on the commodity futures market, with recommendations for enhancing transparency and supervision for global commodity futures.
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.
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