GFMA’s Commodities Working Group (CWG) focuses on regulatory issues specific to banks operating in the financial and physical commodities markets.
CWG’s work centers around the creation of a more level regulatory playing field for the commodity markets:
- Implementation of MiFID2 commodity specific measures, including the new position limits/reporting regime
- Embedding new transparency requirements in the European wholesale gas and power markets
- Monitoring issues such as IOSCO’s Principles for Oil Price Reporting Agencies