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Nov 09, 2016

Federal Reserve Board Proposes Stricter Requirements on Firms Engaging in Physical Commodity Activities

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On September 23, 2016, the Federal Reserve Board issued a notice of proposed rulemaking to tighten capital and other regulatory requirements on financial holding companies (FHCs) that participate in physical commodity trading activities, to remove copper from the list of metals that bank holding companies are permitted to own and store as an activity closely related to banking, and to rescind previous orders authorizing certain FHCs to engage in energy management services and tolling activities.


View full memo, Federal Reserve Board Proposes Stricter Requirements on Firms Engaging in Physical Commodity Activities

Authors and Contributors

Donna Parisi

Partner

Derivatives & Structured Products

+1 212 848 7367

+1 212 848 7367

New York

Geoffrey Goldman

Partner

Derivatives & Structured Products

+1 212 848 4867

+1 212 848 4867

New York

Azam Aziz

Partner

Derivatives & Structured Products

+1 212 848 8154

+1 212 848 8154

New York