The Commodity Futures Trading Commission and the U.K. Financial Services Authority will co-chair the Task Force on Commodity Markets (TFCM), which was recently created by the International Organization of Securities Commissions. The TFCM was created in response to recent volatility in various commodity markets and will study various approaches to the oversight of commodity markets worldwide.

http://www.cftc.gov/newsroom/generalpressreleases/2008/pr5561-08.html