In This Issue:
- Fed "Reviewing" Banks' Trading in Physical Commodity Markets
- Senate Passes Student Loan Bill With House Expected to Follow Suit
- Senators Introduce 21st Century Glass-Steagall Act
- Regulators Push for Tougher Bank Capital Standards than Basel
- Senators Ask CFPB to Examine ATM-Style Pay Cards
- Banks Adding Risk Experts to Boards Per Dodd-Frank Rules
Excerpt from Fed "Reviewing" Banks' Trading in Physical Commodity Markets:
The Federal Reserve is "reviewing" a landmark 2003 decision that first allowed regulatedbanks to trade in physical commodity markets, it said, a move that may send newshockwaves through Wall Street. The one-sentence statement suggests the Fed is taking a much deeper, wide-ranging look at how banks operate in commodity marketsthan previously believed, amid intensifying scrutiny of everything from electricity tradingto metals warehouses.
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