Nymex bags Newsome

19 Jul 2004

Following weeks of persistent rumour, Commodity Futures Trading Commission (CFTC) chairman Jim Newsome confirmed that he would be leaving the regulator to take up the position of New York Mercantile Exchange president.

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"Some market participants are worried that these proposals will constrain liquidity and make it harder for firms to hedge themselves effectively with OTC derivatives."

Linklaters' Pauline Ashall and Mark Middleton air their views on the new EU regulatory landscape.