Fed Give Parties More Time To Review Proposal On Bank Commodities Activities

By Greg Robb Markets MarketWatch Pulse

The Federal Reserve on Tuesday extended the comment period on its plan to make it more difficult for banks to be involved in physical commodities. Under the proposal, firms would have to hold more capital, not be able to engage in activities involving power plants and not be allowed to own or store copper. Comments are now due on Feb. 20 rather than later this week. The Fed said more time was needed so that interested parties could analyze the issues.

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