
Iosco group to turn spotlight on commodity markets
A meeting of the technical committee of the International Organisation of Securities Commissions (Iosco) in Madrid last month raised the possibility that commodities regulators were becoming unable to cope with the rapidly-evolving commodities market. The new Task Force on Commodity Markets (TFCM) will be led by the CFTC and the FSA, and will include other regulators from both developed and emerging markets, Iosco said.
Recent record commodity prices had "underscored" the need for competent oversight of the pricing process, CFTC chairman Walter Lukken told the US House of Representatives last month. He also raised the possibility that the growth in swap dealer and index trader activity in the commodity markets, or the growth in electronic markets, were affecting commodity prices.
A CFTC staff report released alongside Lukken's testimony called for tighter oversight of swap dealers and more data collection on their trades.
And the FSA, in a paper released in March 2007, warned that growing trading volumes could stress trading platforms and risk measurement systems.
See also:
Vision on
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Regulation
We’re all outliers now: Europe’s unflattering IRRBB test
Banks, fearing overreaction from supervisors, urge European Commission to reject NII-based assessment
SEC targets ‘dark magic’ in fixed-income pricing with Bloomberg fine
US regulator is going after pricing vendors that deviate from their published methodologies
Alameda’s mystery bank stake reignites Fed deposit debate
Crypto challenger Custodia accuses regulator of unlevel playing field over master accounts
More EU banks will fail new IRRBB test as rates push upwards
Half of all EU banks could cross outlier threshold for new test of net interest income
Finra head recognises ‘challenges’ for bond transparency drive
Cook says regulators thinking about industry’s operational and liquidity concerns
Why central banks shouldn’t ignore stablecoins
Rapid growth of stablecoins could impair monetary policy transmission
Hedge funds doubt tall tales around UK short-selling review
FCA has never used powers to ban short-selling, but reporting tweaks would be welcome
Cost of bank bail-in rules lower than expected – EBA
MREL pricing manageable for most banks, though troubled firms may struggle to meet targets