us fed proposes rule to limit banks commodity trading
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

US Fed proposes rule to limit banks' commodity trading

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice US Fed proposes rule to limit banks' commodity trading

Washington - XINHUA

The U.S. Federal Reserve on Friday proposed a rule to limit the physical commodity activities of financial holding companies in order to help reduce catastrophic, legal and financial risks.

According to the proposed rule, the central bank will require banks to hold additional capital against their investments in physical commodities, limit the amount of physical commodity trading activity that banks can conduct, restrict their involvement with power plants.

The Fed said on Friday in a statement that the possibility of an environmental accident due to the physical commodity trading present significant legal, reputational and financial risks to banks.

The Fed estimated that the amount of capital required to be held to meet the proposed rule will increase by approximately 4.1 billion U.S. dollars in total.

Analysts said that Goldman Sachs and Morgan Stanley are likely to see massive increases for capital required to be held against their commodity trading, because under current law, these two banks are allowed to engage in broader physical commodity trading activities while other banks cannot.

Source : XINHUA

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us fed proposes rule to limit banks commodity trading us fed proposes rule to limit banks commodity trading

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us fed proposes rule to limit banks commodity trading us fed proposes rule to limit banks commodity trading

 



GMT 10:08 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 00:54 2011 Saturday ,24 December

Super Barca crush Hospitalet in Copa Del Rey

GMT 17:44 2017 Sunday ,12 November

QSTec and Philippines Discuss Solar Power Cooperation

GMT 17:25 2016 Tuesday ,29 November

Philippine troops drop bombs on rebels

GMT 21:05 2017 Wednesday ,18 October

IOF fires at a 20-year-old Palestinian boy

GMT 23:38 2011 Thursday ,06 October

Rare albino alligator goes on show in US

GMT 04:40 2015 Tuesday ,22 September

Car bomb blast in Somali capital

GMT 19:50 2016 Thursday ,01 September

Car Bomb Explosion Rocks Afghan Logar

GMT 07:52 2011 Monday ,01 August

BS Yeddyurappa has resigned

GMT 11:23 2016 Thursday ,29 December

Colombia lawmakers pass FARC amnesty law

GMT 13:22 2011 Wednesday ,22 June

Michelle Obama urges AIDS fight
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice