Financial Regulatory Forum

U.S. CFTC ends relief on ag position limits for 2 firms, vows consistent enforcement

By Reuters Staff
August 19, 2009

USA/

WASHINGTON, Aug 19 (Reuters) – The U.S. Commodity Futures Trading Commission said on Wednesday it was withdrawing no-action letters that provided relief to two firms from federal agricultural speculative positions limits for soybeans, corn and wheat futures contracts.

Deutsche Bank stops exchange-traded oil note sale as U.S. mulls regulation

By Reuters Staff
August 18, 2009

By Joshua Schneyer

NEW YORK, Aug 18 (Reuters) – Deutsche Bank said on Tuesday it has stopped issuing an aggressive oil exchange-traded note as the U.S. government looks to increase regulation in commodities markets. Deutsche said it had temporarily halted issuance of PowerShares DB Crude Oil Double Long Exchange Traded Notes, which allow investors exposure to a rise in crude oil futures.

UNG Fund won’t issue more shares due to new rules

August 12, 2009

ung-logo    NEW YORK, Aug 12 (Reuters) – United States Natural Gas Fund LP <UNG.P>, a giant exchange traded fund in the natural gas market, said on Wednesday that despite regulatory approval, it would not resume issuing new shares and may even reduce its holdings due to recently enacted federal and exchange position limits.
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UK regulator opposes tight commodity market limits – sources

By Reuters Staff
August 6, 2009

By Christopher Johnson and David Sheppard
LONDON, Aug 6 (Reuters) – The UK’s financial watchdog looks likely to resist moves towards tighter regulation on commodity markets if a meeting it held with oil industry representatives is any guide, industry sources said on Thursday.

UK, oil groups to meet on U.S. regulation pressure

By Reuters Staff
August 4, 2009

Fuel tanker in Britain (file) By Christopher Johnson
LONDON, Aug 4 (Reuters) – Britain’s financial watchdog and the UK Treasury will meet oil industry representatives on Wednesday in response to U.S. pressure for more regulation of commodities markets. (more…)

U.S. CFTC supports some limit exemptions – Gensler

By Reuters Staff
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

By Reuters Staff
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.

US push on derivatives market reform comes clearer

By Reuters Staff
July 28, 2009

By Kevin DrU.S. Representative Barney Frankawbaugh
WASHINGTON, July 27 (Reuters) – The shape of the U.S. government’s proposed crackdown on the $450-trillion over-the-counter derivatives market became clearer on Monday, with Congress poised to move forward this week on other aspects of a sweeping overhaul of U.S. financial regulation.

U.S. futures regulator to swiftly curb excessive speculation

By Reuters Staff
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…)