Groups make last-ditch push to change CFTC limits
The fierce debate over a new regime to curb speculation in commodity markets raged in the days leading up to a key vote by the U.S. futures regulator as industry and lawmakers tried to press their views.
The CFTC has not yet provided detailed text for its position limit proposal, but ISDA and SIFMA said they were "deeply concerned" the plans presented in December could hurt market liquidity and increase costs for companies that use futures and swaps to hedge their price risk. They encouraged the CFTC to consider a larger limit for passive investment funds.
Publication
Wall Street Journal
Date
January 12, 2011
Cross References (links may require a Cabinet subscription)
Dodd-Frank Act, Title VII, Sec. 726