28.01.2011 - Position limits needed in commodities markets, EU’s Barnier says

From Bloomberg: Commodities traders should be subject to position limits to curb food price volatility, Michel Barnier, the EU’s financial services chief, said. “I personally think that we should restrict positions so an investor can’t monopolize too big a share of the market,” Barnier told reporters in Brussels today. “I didn’t wait to see proof to start to act.”.............................................Full Article: Source

Print