| From FT Alphaville: Gensler said that a quarter of the time those breaches will have been triggered by commercial players, but roughly 75 per cent will have been triggered by funds. Its important to remember, however, that accountability limits are not position limits meaning the only consequences are warnings rather fines.
This is presumably why the likes of the United Natural Gas fund known to be breaching accountability limits have now headed into the unregulated OTC bilateral market.........Full Article: Source
|