Commodity traders not too big to fail, suggests FSB report

Trafigura, Vitol and other trading houses unlikely to be captured by proposed criteria for global systemically important financial institutions

FSB is based at the Bank for International Settlements in Basel

The Basel-based Financial Stability Board (FSB) has apparently backed away from the idea that global commodity trading houses are too big to fail, meaning such firms are likely to avoid the same sort of stringent regulation as the largest global banks and insurers.

On January 8, the FSB released a consultative document on its proposed criteria for identifying non-bank, non-insurer (NBNI) global systemically important financial institutions (G-Sifis). The FSB currently lists 29 banks and nine

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