Commodity traders won’t replace banks, says Citi’s Staley

Citi head of global commodities “doesn’t lay awake at night awaiting a full-scale assault” from non-bank companies, such as oil majors and commodity trading houses


Harsher regulation and capital requirements are making life harder for banks in commodities, but Stuart Staley, London-based head of global commodities at Citi, says he doesn’t lose sleep about the threat from trading houses and oil majors eager to eat into banks’ market share.

In an exclusive interview with Energy Risk, Staley says such physical commodity traders have a “fundamentally different construct in terms of balance sheet, credit rating and liquidity management”. While there are some

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