Mindful of recent developments in the securities world,
Commodity Futures Trading Commission (CFTC) has stepped up its
review of self-regulatory organisations (SROs) in the US.
Last May, CFTC set out to examine whether for-profit
exchanges should be allowed to continue with their
self-regulatory functions, following suggestions from some
quarters that the current system is open to abuse (see FO
Week Vol 8 No 21). Since then, high profile scandal at New
York Stock Exchange - regulated by Securities and Exchange
Commission - has given greater prominence to exchange
regulation in general.
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