Finance Reform Law, Global Food and Energy Prices, and Next Steps

Dave Kane recently wrote this article about the need for further derivative reform.  He talks about the problem of commodity specs and how the financial reform bill has paved the way for even better regulations to gain control of commodity markets.  Click here to read the full article.

Debate over the Wall Street Reform and Consumer Protection Act, signed into law by President Obama on July 21, has focused on the creation of the Consumer Financial Protection Bureau that will bring notable improvements for U.S. consumers. But the more obscure derivatives section of the law contains reforms that will help stabilize global food and energy prices–changes that will especially benefit the poorest communities around the world.