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Commodities Briefing - Categorized | Financial, Regulatory more

Yellen promises new rules governing banks’ commodities activity

Posted on 12 February 2014

Federal Reserve Chairman Janet Yellen pledged that the regulator will make changes in its oversight of banks’ role in the commodities business, which has attracted regulatory and lawmaker scrutiny.
“The Federal Reserve’s main focus in our supervision of these areas is to make sure that banks operate in the commodities activities in a safe and sound manner,” Yellen said at a House Financial Services hearing………………………………………..Full Article: Source


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