| Commodity trading houses are not “too big to fail”, says a report commissioned by the banking industry’s top lobby group, which had hoped it would conclude the opposite.
The Global Financial Markets Association, which commissioned the report from a leading academic on commodity markets, had hoped to use it to persuade watchdogs to regulate their rivals. GFMA members such as Goldman Sachs and JPMorgan Chase compete directly with commodity trading houses in some areas. But the report said that trading companies “pose less systemic risks” than big banks.........................................Full Article: Source
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