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Commodity Traders Face Tougher Rules as EU Curbs Speculation

  • Regulation is needed for implementation of MiFID II overhaul
  • Ferber seeks to end ‘gambling on the back of the poorest’
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Traders in commodities from sugar to oil may face tougher regulation in the European Union as policy makers wrangle over new rules intended to curb speculation.

European Parliament lawmakers warn that the EU’s latest proposals for preventing market abuse and spikes in food prices aren’t strict enough. They delivered that message to Valdis Dombrovskis, the bloc’s financial-services chief, in a closed-door meeting earlier this month. Dombrovskis said he would “reflect on the points raised” and come out with a fresh proposal “soon.”