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Fed extends comment period for new commodity rules

Posted on 28 February 2014

The U.S. Federal Reserve gave market parties 30 more days to comment on its plan to submit Wall Street banks to greater restrictions in dealing physical commodities, the central bank said on Thursday.
The Fed last month took a first formal step to rein in banks’ ownership of oil tankers, metals warehouses and other such assets, worried that a major catastrophe could jeopardize one of the banks it oversees………………………………………..Full Article: Source


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