Proposals to drastically overhaul or even outlaw over-the-counter (OTC) commodity trading are moving through the US congressional system in two legislative bills and look likely to become law. Even if the bills are watered down in the process, as expected, they will still have far-reaching consequences for commodity traders.
Submitted by Senator Tom Harkin on January 15, the Derivatives Trading Integrity Act seeks to ensure that all commodity transactions are carried out on regulated exchanges. M
The week on Risk.net, July 7-13, 2018Receive this by email