1.   Futures commissions are often created by communities that have experienced some form of trauma, such as economic collapse.

2.   For example, securities regulators might decide to monitor hedge funds weekly or monthly, rather than rely on the quarterly filings now made to the futures commission.

3.   No matter what the futures commission does, the issue is one for the international community.

4.   Other agencies, such as the commodities futures commission, have made do with just two commissioners for periods of time.

5.   The official also noted that Japanese laws on futures commissions only dealt with brokers and not the trading itself.

6.   The stock exchange watchdog, the securities and futures commission, was closely monitoring the situation.