Fed agrees to extend study of banks’ role
Feb 28, 2014 | 03:32 PM
| Andrea Hotter
NEW YORK The U.S. Federal Reserve Board has extended its consultation on the role of banks in physical commodity activities by 30 days at the request of the American Bankers Association (ABA). Comments are now due April 16.
"The board is considering whether additional restrictions would help ensure that physical commodities activities of financial holding companies are conducted in a safe and sound manner and do not pose a threat to financial stability," it said. "The board extended the comment period to allow interested persons more time to analyze the issues and prepare their comments."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.