Goldman upbeat on commodities despite tighter regulation
Adapting to new rules and capital requirements is achievable, says Agran
Goldman Sachs has been forced to change the way it runs its commodities business in the face of increased regulation, but the bank can adapt and still meet profit and return on equity targets, says Greg Agran, global co-head of commodities trading in New York.
In the wake of the global financial crisis, bank commodity desks have been hit hard by new rules stemming from the US Dodd-Frank Act and heightened capital requirements from the Basel Committee on Banking Supervision. The US Federal
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