A Taste of Wellness for Savoury and Snacks
Givaudan
Speculation in the futures market is understood to have played a major role in severe food commodity price fluctuations in 2007/8.
Barner and Gary Gensler, chairman of the US Commodity Futures Trading Commission (CFTC) met in Chicago last week to discuss a range of issues concerning the oversight of commodity markets and the regulation of over-the-counter (OTC) derivatives.
Amongst the points for discussion were concentration in commodity markets and the role that position limits play in the oversight of physical commodity futures and swaps markets, as well as potential reforms to the Markets in Financial Instruments Directive and the Market Abuse Directive, which will assist in the overall efforts to reform commodity oversight in Europe.
Commissioner Barnier said: “In drawing all the lessons from the recent crisis and ensuring that we bring transparency and stability back to the financial markets, I am committed to continue our reforms of OTC-derivatives and commodities markets.”