The European Union is poised to roll out stricter oversight of commodity-based derivatives. E.U. finance ministers recently agreed on such recommendations in the wake of concerns that speculation results in higher prices, according to a Bloomberg report.
The ministers met in Godollo, Hungary, over the weekend. Following the meeting, French Finance Minister Christine Lagarde told reporters that position limits are one regulation that's in the works.
The ministers' agreement precedes a trip to Washington, D.C., next week for a meeting of Group of 20 finance ministers.
- EU Ministers Seek Greater Transparency on Commodity Markets