Permanent Subcommittee on Investigations

Wall Street Bank Involvement With Physical Commodities (Day One)

Date: November 20, 2014
Time: 9:30am
Location: Dirksen Senate Office Building
Agenda:

The Permanent Subcommittee on Investigations held a two-day hearing, “Wall Street Bank Involvement With Physical Commodities,” on Thursday, November 20 and Friday, November 21, 2014.

After a two-year bipartisan investigation, the subcommittee held hearings examining the extent to which banks and their holding companies own physical commodities like oil, natural gas, aluminum and other industrial metals, as well as own or control businesses like power plants, oil and gas pipelines, and commodity warehouses.

The hearing began on both days at 9:30 a.m. in Room 106 of the Dirksen Senate Office Building. 

Member Statements

NULL

CARL

LEVIN

(D -
 MI)

Senator

John

McCain

(R -
 AZ)

Witnesses

EXHIBITS

EXHIBITS: Part 1 of 4,

Exhibits 1-24

EXHIBITS

EXHIBITS: Part 2 of 4,

Exhibits 25-44

EXHIBITS

EXHIBITS: Part 3 of 4,

Exhibits 45-63

EXHIBITS

EXHIBITS: Part 4 of 4,

Exhibits 64-99

PANEL ONE

CHRISTOPHER

WIBBELMAN

President and Chief Executive Officer

Metro International Trade Services LLC

PANEL ONE

JACQUES

GABILLON

Head of the Global Commodities Principal Investments Group

Goldman Sachs & Co.

PANEL THREE

SIMON

GREENSHIELDS

Global Co-Head of Commodities

Morgan Stanley

PANEL THREE

GREGORY A.

AGRAN

Co-Head of Global Commodities Group

Goldman Sachs & Co.

PANEL THREE

JOHN

ANDERSON

Co-Head of Global Commodities

JPMorgan Chase & Co.

PANEL TWO

JORGE

VAZQUEZ

Founder and Managing Director

Harbor Aluminum Intelligence Unit, LLC

PANEL TWO

NICK

MADDEN

Senior Vice President and Chief Supply Chain Officer

Novelis Inc.

Related Files

EXHIBITS: Part 1 of 4, Exhibits 1-24 (EXHIBITS 1-24 (Part 1 of 4)(Nov 20-21 Hrg)5.pdf)

EXHIBITS: Part 2 of 4, Exhibits 25-44 (EXHIBITS 25-44 (Part 2 of 4)(Nov 20-21 Hrg)1.pdf)

EXHIBITS: Part 3 of 4, Exhibits 45-63 (EXHIBITS 45-63 (Part 3 of 4)(Nov 20-21 Hrg)2.pdf)

EXHIBITS: Part 4 of 4, Exhibits 64-99 (EXHIBITS 64-99 (Part 4 of 4)(Nov 20-21 Hrg)2.pdf)