Banks welcome FCA focus on commodity trading houses
UK regulator right to question risk posed by commodity trading houses, bankers argue
Senior bankers are privately welcoming a recent newsletter by the UK Financial Conduct Authority (FCA) that calls for greater attention to be paid to the growing role of independent commodity traders.
In its recent Commodity Markets Update, the FCA warns that the rising concentration of commodity trading houses in the market will "pose a challenge" to the regulator's ability to supervise.
While major banks are loath to comment publicly on the matter, senior bankers speaking anonymously to Energy
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