banks - commodities - regulation

[Wallace]

'Insight - Wall Street reshapes commodities business to fend off regulation'
by David Sheppard NEW YORK | Mon Jul 22, 2013 11:33am BST

"(Reuters) - Wall Street's most powerful banks have accelerated efforts to transform
the structure and focus of their commodity trading desks to preserve their multibillion
dollar empires from tightening regulation." - lots more:
http://uk.reuters.com/article/2013/...me=GCA-GoogleNewsUK&google_editors_picks=true

 

[bone]

The real message here is that if a trader has access to the underlying physical deliverable, it is a huge advantage. Notice the infrastructure that is mentioned in the article ( tankers, storage, power plants ).