Italian premier Silvio Berlusconi has suggested that futures markets might need to be banned to prevent speculators driving up commodity prices.
Reuters quoted him telling an Italian talk show: “We have given a mandate to Iosco [the International Organisation of Securities Commissions] to look at the futures markets with the aim of regulating them and, above all, perhaps even banning them.”
Speaking at July’s G8 summit in L’Aquila, Berlusconi suggested that dramatic fluctuations in the...