CFTC Commissioner Giancarlo Discusses His White Paper, Falling Oil Prices and CFTC Priorities (Energy Metro Desk)
CFTC Commissioner Chris Giancarlo discusses his white paper, the recent drops in oil prices and his priorities for the CFTC in the latest installment of Energy Metro Desk.
Commissioner Giancarlo stated that he is "pleasantly surprised" at the reactions to his white paper, titled "Pro-Reform Reconsiderations of the CFTC Swaps Trading Rules: Return to Dodd-Frank," which he said was "meant to stir things up." The white paper provides an overview of issues regarding the current swaps policy and proposes an alternative framework. The article notes that Commissioner Giancarlo also "stirred things up" by suggesting that the CFTC investigate the reasons for the drop in oil prices by taking a look at "the role of speculators" before finalizing a position limits proposal.
In addition to swap-related issues, the Energy Environmental Markets Advisory Committee, which scheduled its first meeting for February 26, 2015, is a top priority for Commissioner Giancarlo. He explained that he has been polling committee members about issues on which the committee should focus, which include position limits, bona fide hedge exemption and maintaining liquidity in traded energy markets.
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The above link is to an excerpt from the most recent issue of Energy Metro Desk, which is published biweekly by Scudder Publishing Group, an energy trade news publishing company based in the Washington, D.C. metropolitan area. Those who are interested in learning more about Energy Metro Desk may do so by visiting www.energymetro.com or by sending an e-mail to [email protected]. Reprinted with permission of the publisher, Scudder Publishing Group, LLC. Copyright 2015.
Related news:CFTC Energy and Environmental Markets Advisory Committee Announces Meeting (February 12, 2015); CFTC Commissioner Giancarlo Releases Swaps Trading Rules White Paper (with Patel Comment and Delta Strategy Group Summary) (January 29, 2015); Commissioner Giancarlo Discusses Wish List for the CFTC in 2015 (Energy Metro Desk) (with Lofchie Comment) (December 29, 2014).