Banks won’t return to commodity markets, conference hears

Energy Risk Asia: energy majors and other entities taking up space vacated by banks

Energy market participants in Asia do not expect investment banks to re-enter the commodity market in the next five years, according to a poll at the Energy Risk Asia conference in Singapore.

Three-quarters (73%) of delegates said they expected that “their involvement will reduce and be replaced by other entities” with only 24% predicting a return. Just 6% expect banks to make a significant move back into commodities within the next five years.

The last five years have seen major banks around