CFTC at odds with itself on energy

Thomas Erickson, a US Commodity Futures Trading Commission (CFTC) commissioner, turned up the heat on the battered over-the-counter energy derivatives trading industry last month, when he called for increased regulatory oversight and a reversal of key provisions of the landmark derivatives deregulation legislation, the Commodity Futures Modernization Act (CFMA) of 2000. In a speech in Dallas in late September, Erickson said it was vital to “repair the regulatory framework” to restore

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