Monday, October 3, 2011
Commodity Derivatives May Need More Regulation, IOSCO Says
Limits “would be a move in the wrong direction,” Masters said. “Position limits fundamentally undermine the flexibility needed to ensure that commodity markets function effectively.”
In addition to her role at JP Morgan Chase as Head of Global Commodities, Blythe Masters is Chair Emeritus of SIFMA, the Securities Industry and Financial Markets Association. SIFMA's mission is to bring together the shared interests of hundreds of securities firms, banks and asset managers in order to develop policies and practices which strengthen financial markets and encourage capital availability, job creation and economic growth while building trust and confidence in the financial industry. The IOSCO (International Organization of Securities Commissions) is an association of organizations that regulate the world's securities and futures markets.
Read the entire article here.