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Regulators Want CCPs To Oversee Commodity Storage

Law360, London (July 6, 2018, 5:07 PM BST) — Derivatives prices will be pushed down if data about storage of the commodity that underlies them is not transparent, a group of global securities regulators has warned, as they proposed that central counterparties should ensure that reserves are robust.

The board of the International Organization of Securities Commissions said on Wednesday that central counterparties should take responsibility for supervising "relevant storage infrastructures," which hold commodities such as metals, oil and electricity.

RSIs are physical structures — warehouses for metals storage and gas containers, for example — used to store or…

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