Wednesday, 24 October 2007

Energy Traders Avoid Scrutiny: GAO

Who oversees the post-Enron energy derivatives market? Who knows! Debate is heating up again about the Commodity Futures Trading Commission's role in overseeing energy trading in the wake of the Amaranth hedge-fund blow-up. The latest to weigh in is the Government Accounting Office, with a report calling for changes in how CFTC operates and expanded powers for the agency. See the "Futures & Options News" page to read the report and several news stories about the debate.

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