Monday, July 22, 2013

Ahead of Tomorrow's Senate Banking Committee Hearing on Financial Holding Co's and the Physical Commodities Biz... (GS; JPM; BARC)

Please note the committee is only looking at the banks. The major commodity traders also own storage companies and refineries (see Vitol; Trafigura ) but that's a story for another day.
Here's the lineup for tomorrow, we'll have more if anything interesting is said.

Examining Financial Holding Companies: Should Banks Control Power Plants, Warehouses, and Oil Refineries?

Financial Institutions and Consumer Protection
Tuesday, July 23, 2013
10:00 AM - 11:30 AM
538 Dirksen Senate Office Building
COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER PROTECTION

will meet in OPEN SESSION to conduct a hearing entitled “Examining Financial Holding Companies: Should Banks Control Power Plants, Warehouses, and Oil Refineries?” The witnesses will be: Ms. Saule Omarova, Associate Professor of Law, University of North Carolina at Chapel Hill School of Law; Mr. Joshua Rosner, Managing Director, Graham Fisher & Company; Mr. Timothy Weiner, Global Risk Manager, Commodities/Metals, MillerCoors LLC; and Mr. Randall D. Guynn, Head of Financial Institutions Group, Davis Polk & Wardwell LLP.

All hearings are webcasted live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date
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Witnesses
Panel 1
  • Ms. Saule Omarova
    Associate Professor of Law
    University of North Carolina at Chapel Hill School of Law
  • Mr. Joshua Rosner
    Managing Director
    Graham Fisher & Company
  • Mr. Timothy Weiner
    Global Risk Manager
    Commodities/Metals, MillerCoors LLC
  • Mr. Randall D. Guynn
    Head of Financial Institutions Group