US watchdog to probe oil trading by SWFs
Posted by Editor on May 29, 2008 at 09:46 PM
The Globe and Mail reports that, “Facing demands for greater transparency in red-hot energy markets, U.S. regulators are taking a closer look at oil-rich sovereign wealth funds to see whether the funds are trying to drive up oil prices by pouring money into energy futures. Bart Chilton, a commissioner with the U.S. Commodity Futures and Trading Commission (CFTC), said in an interview Thursday that he wants to ensure that state-owned funds from oil-exporting nations are not secretly manipulating markets to the detriment of U.S. consumers.”
US Commodity Futures Trading Commission monitoring SWFs
Posted by Editor on February 06, 2008 at 11:47 PM
Reuters reports that, “The top U.S. futures market regulator said on Wednesday it can adequately monitor sovereign wealth funds with billions of dollars to invest to make sure they don’t manipulate prices in oil, gold and other commodities. … ‘They are treated like any other participants in our markets,’ Commodity Futures Trading Commission Acting Chairman Walter Lukken said of the funds at the Reuters Regulation Summit.”