Commodities Traders May Face Curbs Under EU Proposal
Commodity traders in the European Union may face restrictions including position limits under proposals from the European Commission aimed at curbing excessive price volatility.
"We need regulators to keep a closer eye on positions taken up in respect of commodity derivatives," Michel Barnier, the EU's financial services chief told reporters in Brussels today. "This will include the possibility of introducing position limits if necessary," he said. "Personally speaking I believe in this."
Publication
Bloomberg
Date
Feb. 2, 2011
Cross References
Dodd-Frank Act, Title VII, Sec. 737