ABN commodities push

19 May 2003

ABN Amro has introduced a global OTC commodity derivatives desk, headed by senior staff from the bank's futures division (see people). The initiative will offer traditional and exotic products and more advanced structures, where financial products are combined with commodity hedges.

ABN said the...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.