FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Issue
OTC Derivatives→
Summary
SIFMA, along with the Commodity Markets Council (CMC), the Futures Industry Association (FIA), the International Swaps and Derivatives Association (ISDA), Managed Funds Association (MFA), and The Financial Services Roundtable (FSR) provides comments to the U.S. Congress contradicting the Stop Oil Speculation Now Coalition’s claims that speculation and futures and derivatives markets are the cause of rising prices. The group argues that the prices of oil are instead reflective only of supply and demand.
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