Financial Regulatory Forum

G20 to agree phase-out of fossil fuel subsidies – draft

September 25, 2009

An employee fills a car with petrol at a gas station in Jammu, India July 1, 2009. By Jeff Mason and Darren Ennis
PITTSBURGH, Sept 25 (Reuters) – The world’s largest economies will agree to phase out subsidies on oil and other carbon dioxide-spewing fossils fuels over the “medium term” in an effort to fight global warming, a G20 document said.

U.S. CFTC supports some limit exemptions – Gensler

July 29, 2009

CFTC Chairman Gary Gensler (file photo)By Ayesha Rascoe and Christopher Doering
WASHINGTON, July 29 (Reuters) – Commodity Futures Trading Commission Chairman Gary Gensler said Wednesday he supports exemptions from tough new investor limits for bona fide hedgers but he is concerned about allowances for those managing financial risk.

NYMEX sets position limits on some natural gas contracts

July 28, 2009

Traders at New York Mercantile Exchange NEW YORK, July 28 (Reuters) – The New York Mercantile Exchange will impose what it calls “hard expiration position limits” on seven of its natural gas financially settled contracts effective with the October contract expiration.

U.S. futures regulator to swiftly curb excessive speculation

July 10, 2009

Futures trader in Chicago By Christopher Doering
WASHINGTON, July 10 (Reuters) – The Commodity Futures Trading Commission will move aggressively to rein in excessive speculation in energy and commodity markets by focusing on expanding its existing authority and could have new regulations in place by late October. Bart Chilton, one of five commissioners at the CFTC, said he could not predict what the agency will do, but he would like to see the proposed rules issued in September, then implemented by late October or November after a period of public comment. (more…)