By Yali N’Diaye
WASHINGTON (MNI) – France Finance Minister Christine Lagarde Friday
predicted that as the recovery progresses — which is a desirable
outcome — both commodity prices and markets will face pressures.
As a result, commodity markets should be part of the debate on the
regulation of derivatives markets, she told reporters following the
meeting of Group of 20 finance ministers and central bankers.
And to her satisfaction, “The imperative necessity to regulate
derivatives markets” was discussed at length and there was in fact a
consensus within the G20, she said.
“I was also satisfied that not only were the derivatives products
on equities, bonds or other sophisticated financial products” discussed,
she said, but “also derivatives on oil products, derivatives on
commodities.”
“This debate must take place in the G20 since in case of an
economic recovery — (which is) desirable — clearly pressures will
arise again on commodities, on commodity markets, both ‘direct’ markets
and derivatives markets,” Lagarde said.
** Market News International Washington Bureau: 202-371-2121 **
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