Fed agrees to extend study of banks’ role

Feb 28, 2014 | 03:32 PM | Andrea Hotter

Tags  Federal Reserve, American Bankers Association, banks, physical commodities, JP Morgan, Goldman Sachs, Morgan Stanley, Barclays Société Générale

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."....





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