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Commodities Briefing - Categorized | Regulatory, Trading more

Swiss stop short of tightening commodities trading rules

Posted on 28 March 2013

A Swiss government investigation into the country’s $20 billion commodities sector has stopped short of proposing any new or tighter rules on trading companies as it seeks to prevent departures to Asian finance centres.
The long-awaited report published on Wednesday said that the sector’s 500 or so companies and about 10,000 employees contributed roughly 3.5 percent of Switzerland’s GDP and that the country needs to regulate the sector without chasing them away. Switzerland, home to commodities giants such as Glencore and Cargill, commissioned the report last year after left-wing politicians said that the traditionally secretive sector exposed the country to risks to its reputation………………………………………..Full Article: Source


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