India in crisis as rice, wheat futures banned

02 Mar 2007

India's futures market has been plunged further into crisis as the country's government stepped in to ban the trading of rice and wheat contracts out of fear of growing inflation. With hopes of progress on international access to Indian markets shrinking, the threat of a total...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.