Et naturellement, les limites, ça ne sera que pour les poypoys, alors que les grosses banques, massivement shorts, sont en train de faire pression pour qu'elles soient en dehors des limitations
|CFTC delays tough commodity speculation crack-down|
|Reuters via Yahoo, Christopher Doering and Ayesha Rascoe, 16/12/2010 (traduire en Français )|
The futures regulator on Thursday unexpectedly delayed its most aggressive measures yet to prevent speculators from distorting commodity markets after it failed to find enough support for a procedural vote.
A draft proposal to apply position limits across commodity futures and swaps markets ran into objections both from commissioners who want the agency to act quicker to crack down and those who fear moving too fast will damage the market.
In a package of documents released ahead of the hearing, the CFTC said the plan to restrict the number of swaps and futures contracts that speculators can hold in energy, metals and agricultural derivative markets could affect nearly 80 agricultural traders and dozens of metals and energy players.
But the rules would likely have offered some relief for companies such as Goldman Sachs and Royal Dutch Shell that argued overly strict rules could reduce market liquidity, elevate volatility and make the markets more risky.
Under the proposed rules, the big banks would have claimed an "unlimited bona fide hedge exemption" -- allowing them to engage in hedging on behalf of big producers or raw material customers without counting against their own limits.
Et le bizarrement chevelu Bart Chilton de la CFTC, sur CNBC :
|Cracking Street's Corner on Commodities|
|CNBC, 22/12/2010 (traduire en Français )|