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Mémoire
Bachelor thesis

Regulations in the commodity trading sector : should the commodity trading industry in Switzerland be more regulated and, if so, how ?

    2017

52 p.

Mémoire de bachelor: Haute école de gestion de Genève, 2017

Commerce
Matières premières
Commande, Théorie de la
Suisse
English Commodity trading is a sector which is essential to our development and prosperity as well as economic growth. It is relatively unknown and perceived differently depending on the viewpoint of the observer. Many think of the exploitation of resources in resource rich countries, others only of the transport of goods from producers to consumers and others focus on “speculation” and its association with financial markets which can create risk. Given the importance of commodity trading across the world and the recent financial crises, it raises the question of the adequacy of regulations that exist or should exist to improve visibility and control in this sector. This research is motivated by this aspect of adequacy or sufficiency of current regulations. The study aims to answer to the question "Should the commodity trading industry in Switzerland be more regulated, if so, how?". Switzerland, like some other countries of the world, has seen the development of commodity trading in a spectacular way in recent years. As an important economic sector operating in the country, ranging from the oversight of extraction of raw materials to transport, to trade, along with the roles of banks and the utilization of financial products, there are many questions about the proper regulation needed. However, Switzerland remains a merchanting center (trade for companies themselves and third parties and inside and outside of Switzerland). As an international hub for this activity, Switzerland must respect and promote international standards in all areas. This study focuses on the following elements: physical aspects of commodity trading, financial derivatives and banking activities to draw conclusions on the legal and regulatory framework. The regulations, and especially their importance, have been listed for each of these areas and we have drawn up a reference table. Switzerland is very much advanced in the implementation of various recommendations, especially in relation to banking and financial services. The impact of commodity trading on the Swiss economy is very important and is surpassing that of tourism or banks. However, new centers are emerging, especially Singapore, because of its position and its political and economic stability. Swiss regulators must take this into account mainly because of the ease of relocating merchanting activities. After studying these aspects of commodity trading regulations, we have come to the following conclusions for Switzerland, which answers the question originally asked:  Promote self-regulation and better communication  Avoid "best-in-class" syndrome,  Preserve the attractiveness and competitiveness  Participate actively in international regulatory bodies,  Strengthen transparency on physical operations and in product flows  No need to change regulations in financial derivatives and in banking regulations In the conclusion, we put forward some proposition for further research on this domain because of the complexity of the subject under observation.
Language
  • French
Classification
Economics
Notes
  • Haute école de gestion Genève
  • International Business Management
  • hesso:hegge
License
License undefined
Identifiers
  • RERO DOC 306007
  • RERO R008735967
Persistent URL
https://sonar.ch/hesso/documents/314688
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