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Commodities Briefing - Categorized | Market Moves, Regulatory more

Regulatory uncertainty over commodity units

Posted on 31 October 2013

Bank ownership of commodity operations has generated lots of controversy recently. When the heat intensified, JPMorgan Chase wasted no time in announcing it would sell its physical commodity ownership business, to the surprise of no one. Goldman Sachs has not followed suit with regard to its Metro warehousing unit, but surely the issue has come up internally.
As for trading operations, the Federal Reserve has come under fire for a lack of bright lines in this area. However, it “may not unveil its plans for regulating Wall Street’s commodity trading business until early next year,” reports Reuters……………………………….Full Article: Source


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