Data doesn't support CFTC on position limits, Giancarlo says
Proponents of the CFTC's proposed Dodd-Frank position limits rule are ignoring "the reality of the data", Republican commissioner Chris Giancarlo says at Energy Risk Summit USA
There is no good rationale for the US Commodity Futures Trading Commission (CFTC) to impose a new federal position limits regime aimed at curbing excessive speculation in commodity derivatives, CFTC commissioner Chris Giancarlo told Energy Risk Summit USA in Houston on May 13.
"In the case of position limits, there is an entire absence of any data-based, quantitative foundation for the proposed regulations," Giancarlo said. "This absence cannot be ignored. It draws into question the entire
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