Finance Council Should Speed Up Speculation Curbs, Chilton Says
This article is for subscribers only.
A council of U.S. financial regulators should speed up Dodd-Frank Act rules needed to limit speculation on oil, natural gas and other commodities, Bart Chilton, a member of the Commodity Futures Trading Commission said.
The CFTC and Securities and Exchange Commission, delayed in adopting regulations stemming from the 2010 financial-regulation overhaul, should consider asking the Financial Stability Oversight Council to complete the regulation defining which derivatives are swaps, Chilton said in a speech prepared for his appearance today before the Exchequer Club of Washington. The speculation limits rely on the definition.