Commodity Futures Trading Commission (CFTC)’s oversight of OTC energy markets continued to take center stage in the CFTC reauthorisation process.In a hearing on 26 September before a subcommittee of the House Committee on Agriculture, which oversees CFTC, exchange leaders urged Congress to fold OTC energy oversight into the CFTC. New York Mercantile Exchange president Jim Newsome (pictured) told the Subcommittee on General Farm Commodities and Risk Management that the Commodity Exchange Act should include large-position reporting for OTC contracts and any OTC regulatory changes remain focused on certain products rather than all OTC products.Newsome reiterated that sentiment with FO Week at the Canadian Annual Derivatives Conference in Montreal late September, calling for better overall transparency for the OTC energy markets.“The...