‘Financialisation’ of commodities markets in reverse, says Canada’s Lane
Timothy Lane, a deputy governor of the Bank of Canada, said on September 25 that global deleveraging of banks is likely to be diminishing the links between the financial system and commodities markets.
Speaking to Calgary's CFA Society, Lane said the ‘financialisation' of commodities in recent years was in danger of being reversed as banks and investors withdraw from the markets.
Banks have been lending less to commodities traders and reducing their market-making activities, Lane said. For
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