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Why are banks’ physical commodity assets so controversial?

Posted on 09 August 2013

After weeks of discussions by regulators on whether banks should continue to be allowed to own physical commodity assets such as warehouses, oil tankers and power plants, Financial News looks at why bank ownership of commodity assets is so controversial.
At a hearing in front of the US Senate Banking Committee last week, Commodity Futures Trading Commission chairman Gary Gensler said: “These markets [commodities] matter. They matter on the dining table at night. They matter for somebody buying a six-pack of beer. They matter when we all fill up a tank of gas.”……………………………………….Full Article: Source


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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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