Indian commodities ban lengthens – but who is calling the shots?

09 Sep 2008

India’s ban on futures trading in rubber and three other commodities has been extended, despite hopes that it would expire on Saturday September 6, amid confusion about whether ultimate responsibility for the decision to lift the ban will rest with government or regulators.

On September 6, Forward Markets Commission vice-president Dinesh Shukla...

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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.

Indian commodities ban lengthens – but who is calling the shots?

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