Banks welcome FCA focus on commodity trading houses

Risk magnifying glass
FCA examines role of commodity traders

Senior bankers are privately welcoming a recent newsletter by the UK Financial Conduct Authority (FCA) that calls for greater attention to be paid to the growing role of independent commodity traders.

In its recent Commodity Markets Update, the FCA warns that the rising concentration of commodity trading houses in the market will "pose a challenge" to the regulator's ability to supervise.

While major banks are loath to comment publicly on the matter, senior bankers speaking anonymously to Energy