French Central Bank Joins Call for Regulating Commodity Traders

France’s central bank is the latest institution to call for more regulation of commodities traders after a surge in price volatility earlier this year sparked worries about wider implications.

Russia’s invasion of Ukraine caused prices of materials from oil and gas to metals and grains to spike. That led to a dramatic increase in funding requirements for traders, producers and utilities, putting huge liquidity restrains on them and fueling concerns about the knock-on impact on the broader financial world.

Since then, officials at places including the Federal Reserve, European Central Bank and International Monetary Fund have urged regulators to ...