ABA Data Bank: Coal Prices Rise Following Russia’s Invasion of Ukraine
The price of coal skyrocketed following Russia’s invasion of Ukraine. As of March 4, the XWJ2 Comdty index has increased 93% from pre-invasion levels.
Browsing: Physical commodities
Fed to Evaluate Large Bank ‘Living Wills,’ Fintech in 2017
Speaking at a legal event in Washington, D.C., today, Federal Reserve General Counsel Scott Alvarez outlined several issues the agency will focus on in 2017, including certain regulatory relief measures and the entrance of nonbank fintech companies into the Federal Reserve System.
OCC Finalizes Rule Banning Industrial, Commercial Metal Dealing
The OCC today finalized a rule prohibiting national banks from dealing or investing in industrial and commercial metals.
Fed Extends Comment Deadline for Physical Commodities Proposal
The Federal Reserve today announced that it will extend the comment period for its proposed rule on physical commodities activities for financial holding companies.
ABASA Offers Feedback on OCC’s Proposed Industrial Metals Rule
The ABA Securities Association yesterday offered feedback to the OCC on a proposed rule that would prohibit national banks from dealing or investing in industrial and commercial metal, such as copper cathodes or aluminum T-bars.
Fed Proposes Tighter Requirements for Physical Commodities Activities
The Federal Reserve today announced a proposed rule that would impose tighter capital requirements and limitations on financial holding companies that engage in physical commodities activities.
Agencies Issue Report and Propose Action to Limit Bank Activities
The Federal Reserve, FDIC and OCC today issued a long-awaited report mandated by Section 620 of the Dodd-Frank Act in which they called for sweeping changes to banks’ powers.