Jan 8 A subcommittee of the powerful Senate
Banking Committee has scheduled a hearing for Jan. 15 to discuss
regulating Wall Street's role in physical commodity markets.
Among the witnesses scheduled to speak at the panel are top
oversight officials with the Federal Energy Regulatory
Commission and the Commodity Futures Trading Commission, and an
official from the Federal Reserve's banking supervision arm.
The hearing comes as the Fed reconsiders exemptions given to
banks since the early 2000s that allow them to engage in the
previously prohibited trading of physical commodities.