Financial Regulatory Forum

ANALYSIS-CFTC speculation limits may pass quietly, unchanged

By Reuters Staff
December 20, 2010

U.S. Commodity Futures Trading Commission Chairman Gary GenslerBy Christopher Doering

WASHINGTON, Dec 17 (Reuters) – New U.S. rules to limit speculation in commodity markets could move forward quickly, and with few alterations, after objections by the measure’s most vocal supporter unexpectedly delayed a key vote.

FACTBOX-CFTC to-do list for implementing reforms

November 23, 2010

Nov 22 (Reuters) – The U.S. Commodity Futures Trading Commission faces the mammoth task of writing detailed regulations to implement reforms passed by Congress giving the agency oversight of the $600 trillion over-the-counter derivatives market.

CFTC rules point to crackdown on manipulation: John Kemp

By Reuters Staff
November 10, 2010

– John Kemp is a Reuters market analyst. The views expressed are his own –

from Tales from the Trail:

Think brussels sprouts and cauliflower are agricultural commodities? Think again.

October 19, 2010

While the financial bailouts tossed to automakers, banks and other groups during the recent economic crisis left a funny taste in the mouth of some Americans, one former U.S. regulator hopes efforts to prevent another panic doesn't go rotten.

Regulation and the day the machines took over -The Scott McCleskey Report

By Guest Contributor
October 13, 2010

HIGHFREQUENCY/By Scott McCleskey, Complinet

It took five months, a PhD in Physics, a Nobel Prize winner and a staff of quants, but the SEC and CFTC have now figured out what happened to the markets during the “flash crash” in May. Given the well-orchestrated string of sneak-peeks the SEC had given before the publication of the joint report,  the findings weren’t particularly surprising. Nevertheless, they are enlightening both for what they tell us about the state of the markets and for what they tell us about the assumptions we have made when regulating them. The upshot: markets aren’t efficient, and rulemakers should stop acting as if they are.

ANALYSIS-Study casts doubt on traders’ ‘raison d’etre’

By Reuters Staff
October 12, 2010

By Herbert Lash

NEW YORK, Oct 12 (Reuters) – A new study about May’s “flash crash” casts doubt on two basic premises of high-frequency traders: that they help markets function properly by providing liquidity and that they smooth out price volatility.

OPINION-The heavy lift of harmonization-CFTC’s Chilton

By Guest Contributor
September 24, 2010

–The author is Bart Chilton, a commissioner at the U.S. Commodity Futures Trading Commission. The opinions represent the view of the author and not that of Reuters.

Swapping the rules: derivatives concern SEC, CFTC and the market (Westlaw Business)

By Guest Contributor
September 24, 2010
Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, gestures as he testifies before the Financial Crisis Inquiry Commission hearing on the Role of Derivatives in the Financial Crisis on Capitol Hill in Washington July 1, 2010. REUTERS/Yuri Gripas (UNITED STATES - Tags: POLITICS BUSINESS)

Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission.

(Westlaw Business) - Swap markets and players were a main focus of Dodd-Frank, yet the SEC and CFTC were left to work out the details. The market, from Ropes & Gray to the Reinsurance Association of America, has provided these regulators with public comment and disclosure commentary. Now that the public comment period has drawn to a close, one thing is clear: issues from “security-based swap” to “swap participant” are certain to have big impact on a broad array of companies, both in financial services and beyond.

COLUMN-FSA coffee case heralds commods crackdown: John Kemp

By Reuters Staff
June 2, 2010

LONDON, June 2 (Reuters) – The Financial Services Authority’s (FSA) decision to fine a London coffee broker 100,000 pounds ($146,400) and ban him from working in the financial services industry marks a significant toughening in the market abuse regime for commodities.

COLUMN-Pending U.S. bill clears way for CFTC limits vote: John Kemp

By Reuters Staff
May 24, 2010

– John Kemp is a Reuters market analyst. The views expressed are his own –