The paper aims to carry out an exegetical and systematic analysis of position limits in commodity derivatives, according to a tripartite structure: in the first part, the reasons and functions of the legislative-regulatory intervention are identified; the second area focuses on the critical reconstruction of the application scope; the third one is dedicated to reporting obligations. The analysis will allow to fulfill some reflections on the regulatory technique to be used for improving the efficiency of the financial markets and reduce excess speculation, trying to ascertain whether and possibly within which thresholds it is optimal to use a quantitative approach.
Orciani, L. (2025). I limiti di posizione in derivati su merci tra procedure di exemption e obblighi di reporting. BANCA IMPRESA SOCIETÀ, 2, 1-44.
I limiti di posizione in derivati su merci tra procedure di exemption e obblighi di reporting
Luca Orciani
2025
Abstract
The paper aims to carry out an exegetical and systematic analysis of position limits in commodity derivatives, according to a tripartite structure: in the first part, the reasons and functions of the legislative-regulatory intervention are identified; the second area focuses on the critical reconstruction of the application scope; the third one is dedicated to reporting obligations. The analysis will allow to fulfill some reflections on the regulatory technique to be used for improving the efficiency of the financial markets and reduce excess speculation, trying to ascertain whether and possibly within which thresholds it is optimal to use a quantitative approach.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.