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Commodities Trading Transparency

  • Briefing

  • 3 May 2016

This briefing argues that, currently subject to limited regulation and even fewer reporting requirements, companies engaged in physical commodity trading of oil, gas and minerals should be required to publicly report on their transactions with government entities.

The U.K. is well-positioned to champion this issue at the Anti-Corruption Summit to be hosted by Prime Minister David Cameron in London on 12 May 2016. The U.K. should commit to revising its own reporting requirements to include these transactions, advocate for EU-level change, and lead an international process to end trading secrecy that includes other major trading hubs like Switzerland, Singapore and the United States.