| When the banking industry’s top lobby group commissioned a report on commodity trading houses the idea was to show trading houses like Glencore Xstrata, Vitol or Cargill were “too big to fail” and therefore needed to be regulated in a similar manner to the banks.
But instead of highlighting the inherent issues surrounding the industry, the report found trading companies posed less systemic risk than the big banks. As a result, the Global Financial Markets Association, which commissioned the report, decided not to finalise or publish it...............................................Full Article: Source
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