US, EU regulators talk reforms, tour exchange

* Gensler, Barnier discuss position limits, OTC reforms

* Working together on consistent regulations for U.S., EU

* Toured CME, met traders, ICE representatives

CHICAGO, Nov 2 (BestGrowthStock) – Top regulators from the United
States and the European Union discussed reforms for futures and
over-the-counter derivatives and the role of technology as they
toured the world’s largest exchange on Tuesday.

Gary Gensler, chairman of the U.S. Commodity Futures
Trading Commission, and Michel Barnier, the 27-country EU’s
financial services chief, discussed concentration in commodity
markets and the role of position limits — curbs that both
regulators are poised to implement.

“In drawing all the lessons from the recent crisis and
ensuring that we bring transparency and stability back to the
financial markets, I am committed to continue our reforms of
OTC derivatives and commodities markets,” Barnier said in a
statement.

Barnier met U.S. Treasury Secretary Timothy Geithner last
week in Washington to discuss capital and liquidity standards
for banks. [ID:nN29277050][ID:nN29234011]

Gensler and Barnier reiterated they were working on
consistent regulations for oversight of the swaps markets.

The two officials toured the Chicago Mercantile Exchange
(CME.O: ) and met traders and representatives of
IntercontinentalExchange Inc (ICE.N: ).
(Reporting by Ann Saphir and Roberta Rampton; Editing by Dale
Hudson)

US, EU regulators talk reforms, tour exchange