ARTICLE
4 October 2016

Attorneys Review Fed's Proposed Rollback Of Physical Commodities Authority For Financial Holding Companies

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
Cadwalader attorneys reviewed a proposal by the Board of Governors of the Federal Reserve System that would increase capital costs associated with certain types of physical commodity activities...
United States Finance and Banking

Cadwalader attorneys reviewed a proposal by the Board of Governors of the Federal Reserve System that would increase capital costs associated with certain types of physical commodity activities and could expose financial holding companies to material environmental liabilities (e.g., trading in gas and oil products or other substances deemed to be hazardous under state or federal law). The proposal also would impose general limitations on the powers of financial holding companies relating to commodities activities.

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