IOSCO has published a set of proposals that will improve monitoring in the commodities futures markets. It wants to improve quality and availability of information on commodities traded in related physical and OTC derivatives markets by:  

  • checking regulators’ performance against those set out in the “Tokyo communiqué” of 1997;  
  • checking regulators have the right powers to get the information they need to monitor the markets;  
  • ensuring nothing inhibits regulators’ ability to detect and enforce market manipulation cases; and  
  • arranging market regulators’ meetings to share concerns and market surveillance and enforcement techniques.