He is not short of bold ideas, including a global financial tax, the regulation of commodity derivatives and measures to limit exchange-rate volatility.
"If the report is right, it means Abe has won, " said Kyoya Okazawa, head of global equities and commodity derivatives at BNP Paribas in Tokyo.
In 2002, when India lifted a 33-year ban on commodity derivatives and its government invited bids to set up national commodities exchanges, as many as 16 bidders lined up.
In this case, the Position Limits Rule, which according to both parties is a significant and unprecedented change in the operation of the commodity derivatives market, has not yet gone into effect.
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The Fed has the regulatory authority to immediately implement this policy by ordering banks to stop funding, investing, clearing or facilitating derivatives commodity trading.
Presumably commodity-related derivatives would be overseen by the CFTC.
Prices that used to be determined by producers and users of commodities are now set by financial speculators making naked bets on how much price pain consumers can endure without breaking by buying and selling derivatives commodity contracts.
In fact we have begun to do so with the launch of several equities, derivatives and commodity products that cater to our global members and investors.
Though he wasn't there at the time, Meyer says Harvard Management bought the commodity and foreign stock derivatives as a way to get exposure to those asset classes while freeing up cash to put to work elsewhere.
Though it would make sense to merge the SEC with the Commodity Futures Trading Commission, which regulates derivatives, Congress's powerful agriculture committee would probably block the move.
The wild price movements mentioned above are part of a common dynamic in commodity markets, particularly crude oil and its derivatives.
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For example, the FDIC has the authority to wind down unstable financial firms, banking regulators have a tighter grip on setting capital standards, the Securities and Exchange Commission will have greater oversight over hedge funds and private equity firms, and the SEC and Commodity Futures Trading Commission will coordinate regulation of derivatives.
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Celent released its report last week, as foreign regulators warned the U.S. Commodity Futures Trading Commission (CFTC) that its proposed new derivatives rules could brutalize global markets.
JPMorgan is eagerly hiring commodity and energy traders, and mortgage-backed securities and equity derivatives specialists.
The new regulation is a part of the Dodd-Frank financial reform act, under which the Commodity Futures Trading Commission (CFTC) proposed rules for how OTC derivatives clearing houses should be regulated.
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