Mr. Tarbert said he plans for the CFTC to meet in public as often as once a month to make progress on its goals. Mr. Tarbert plans to unveil a more detailed agenda Wednesday at a Chicago futures-industry conference sponsored by FIA. The idea for limits stems from Congress’s concern that financial-market speculators drove the price of oil beyond $140 in 2008. The CFTC also plans to propose a step that many banks opposed in the past: requiring fully anonymous trading of swaps. Now many swaps trades are guaranteed by central clearinghouses, which stand between the two sides, mitigating the risk of default.

Source: Wall Street Journal October 30, 2019 12:05 UTC