Agricultural/Financial correspondent
Christopher's Feed
Oct 31, 2011

MF Global slow to turn over data to regulators-source

WASHINGTON, Oct 31 (Reuters) – U.S. regulators are unhappy
with the failure of MF Global Holdings Ltd to provide
them with the required data and records, a source close to one
regulator told Reuters on Monday.

“So far they’ve been very disappointed with the cooperation
in the fulsomeness of records and data from MF,” the source
said, noting regulators have been working with the firm since
late last week.

Oct 20, 2011

La Nina to keep US north cold, south dry-NOAA

WASHINGTON, Oct 20 (Reuters) – A strengthening La Nina
will grip the United States this winter, causing colder and
wetter weather to the North and drier and warmer conditions
throughout the drought-ravaged South, government forecasters
said on Thursday.

The National Oceanic and Atmospheric Administration said it
expects La Nina’s to become the most dominant factor
influencing weather across the country.

Oct 18, 2011

U.S. to crack down on commodity traders; will it stick?

WASHINGTON (Reuters) – The United States is poised on Tuesday to push through the toughest measures yet to curtail speculation in commodity markets, likely shifting the focus of a fierce four-year debate from the regulators to the courts.

In a measure decried by Wall Street and trading companies as a misguided political attempt to cap soaring oil and grain prices, the Commodity Futures Trading Commission is set to vote in favor of “position limits” that will cap the number of futures, swaps and options contracts any trader can hold.

Oct 17, 2011

After much talk, US commodity crack-down nigh

WASHINGTON, Oct 17 (Reuters) – U.S. regulators this week
will finalize their toughest crackdown yet on volatile oil and
metal markets, concluding nearly four years of fierce debate
over whether limits on speculative trade can tame prices.

As Wall Street bemoans the measure as a sop to politicians
who have vilified speculators for driving grain and oil prices
to painful peaks since 2008, the Commodity Futures Trading
Commission will push through a groundbreaking rule to restrict
the number of commodity contracts a trader can hold.

Oct 17, 2011

After lots of talk, U.S. commodity crack-down nears

WASHINGTON (Reuters) – U.S. regulators this week will finalize their toughest crackdown yet on volatile oil and metal markets, concluding nearly four years of fierce debate over whether limits on speculative trade can tame prices.

As Wall Street bemoans the measure as a sop to politicians who have vilified speculators for driving grain and oil prices to painful peaks since 2008, the Commodity Futures Trading Commission will push through a groundbreaking rule to restrict the number of commodity contracts a trader can hold.

Oct 11, 2011

Exclusive: CFTC has votes to pass position limits

CHICAGO (Reuters) – The head of the U.S. futures regulator has the support he needs to pass a long-awaited rule that would curb excessive speculation in commodity markets, a source with knowledge of the agency’s rule-making told Reuters on Tuesday.

The U.S. Commodity Futures Trading Commission announced on Tuesday that it would vote on October 18 on a rule limiting the number of contracts any one speculative trader could hold in commodity markets.

Oct 11, 2011

CFTC has votes to pass position limits-source

CHICAGO, Oct 11 (Reuters) – The head of the U.S futures
regulator has the support he needs to pass a long-awaited rule
that would curb excessive speculation in commodity markets, a
source with knowledge of the agency’s rule-making told Reuters
on Tuesday.

The U.S. Commodity Futures Trading Commission announced on
Tuesday that it would vote on Oct. 18 on a rule limiting the
number of contracts any one speculative trader could hold in
commodity markets.

Oct 11, 2011

Gensler downplays threats to change Dodd-Frank

CHICAGO (Reuters) – The head of the U.S. futures regulator on Tuesday defended broad new measures to oversee the swaps market and brushed-off efforts in Congress to make changes to sweeping financial reform that regulators are months behind in putting in place.

The U.S. Commodity Futures Trading Commission has laid out an aggressive timetable to complete a regulatory framework for the $600 trillion over-the-counter derivatives market required under last year’s Dodd-Frank law.

Oct 10, 2011

CFTC takes wait-and-see approach on Volcker rule

WASHINGTON, Oct 7 (Reuters) – The U.S. futures regulator
may break with other agencies on a much-anticipated plan to ban
most proprietary trading by banks, and could opt to put forth a
slightly different version of the Volcker rule.

An independent approach from the Commodity Futures Trading
Commission could raise questions about coordination and
embolden banks to challenge the Volcker rule, although the
agency — which polices futures and derivatives markets — is
not believed to play a central role in implementing it.

Oct 7, 2011

Exclusive: CFTC takes wait-and-see approach on Volcker rule

WASHINGTON (Reuters) – The U.S. futures regulator may break with other agencies on a much-anticipated plan to ban most proprietary trading by banks, and could opt to put forth a slightly different version of the Volcker rule.

An independent approach from the Commodity Futures Trading Commission could raise questions about coordation and embolden banks to challenge the Volcker rule, although the agency — which polices futures and derivatives markets — is not believed to play a central role in implementing it.

    • About Christopher

      "Currently based in Washington, Christopher reports on agriculture in Congress and the U.S. Agriculture Department. He also is actively involved in covering regulatory reform, with a focus on the U.S. Commodity Futures Trading Commission."
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