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Commodities Briefing - Categorized | Trading more

Swiss says commodity traders should voluntarily disclose more

Posted on 28 March 2013

Switzerland rejected calls for tougher regulation of commodity traders, including Vitol SA, Glencore International Plc and Trafigura Beheer BV, in favor of a voluntary industry code.
“Switzerland generally prefers voluntary standards, which are supported and upheld by businesses, to laws,” Economy Minister Johann Schneider-Ammann told reporters today in the Swiss capital, Bern. “It’s important that we make sure the framework in Switzerland isn’t less attractive than elsewhere.”……………………………………….Full Article: Source


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