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Fed plans to tighten commodities rules for banks, says governor

Senate panel told that Fed expects to issue notice of potential new rules in the first quarter of next year

Mr Tarullo also outlined other areas where he said he wanted regulators to increase oversight of bank activities.

New York

THE US Federal Reserve is preparing to unveil new restrictions aimed at making it harder for Wall Street banks to make big bets in the commodities markets, according to testimony from Fed governor Daniel Tarullo.

Mr Tarullo struck an unexpectedly aggressive stance in his...

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