The second criticism is about the number of regulatory bodies in the natural gas markets. Currently, some market participants, including major investment banks like Goldman Sachs, Morgan Stanley, Merrill Lynch, and J.P. Morgan, are opposed to having both the FERC and the CFTC with authority over the commodities markets. Their argument is that too many regulatory agencies might raise confusion and costs among market participants. While this is certainly a negative, the Levin proposal does not encourage multiple regulatory bodies.It specifies the CFTC as the only regulatory body. However,
the reality is that when market participants are perceived to have acted incorrectly, many affected parties may resort to legal action, as the FERC has done with regards to Amaranth,even if they are not explicitly assigned the role of regulator
The second criticism is about the number of regulatory bodies in the natural gas markets. Currently, some market participants, including major investment banks like Goldman Sachs, Morgan Stanley, Merrill Lynch, and J.P. Morgan, are opposed to having both the FERC and the CFTC with authority over the commodities markets. Their argument is that too many regulatory agencies might raise confusion and costs among market participants. While this is certainly a negative, the Levin proposal does not encourage multiple regulatory bodies.It specifies the CFTC as the only regulatory body. However,the reality is that when market participants are perceived to have acted incorrectly, many affected parties may resort to legal action, as the FERC has done with regards to Amaranth,even if they are not explicitly assigned the role of regulator
การแปล กรุณารอสักครู่..
