Goldman Sachs Testimony Before US Senate Subcommittee Hearing on Physical Commodities

Greg Agran, global co-head of Commodities Trading, and Jacques Gabillon, global head of the Global Commodities Principal Investment Group, will be testifying on November 20, 2014 before the US Senate Permanent Subcommittee on Investigations (PSI).

The two-day hearing titled, “Wall Street Bank Involvement With Physical Commodities,” will include testimony from executives from several financial institutions. The two-year investigation by PSI is examining ownership of physical commodities such as oil, natural gas, aluminum and other industrial metals, as well as control of power plants, oil and gas pipelines and commodity warehouses by banks and their holding companies.

READ THE WHITE PAPER:
"Background and Facts on the Commodities Markets and Financial Intermediation"
[PDF, 558 KB] 

 

TESTIMONIES:
Statement of Gregory Agran Before the U.S. Senate Permanent Subcommittee on Investigations Hearing on “Wall Street Bank Involvement with Physical Commodities”  [PDF, 20 KB] 

Statement of Jacques Gabillon Before the U.S. Senate Permanent Subcommittee on Investigations Hearing on “Wall Street Bank Involvement with Physical Commodities” [PDF, 15 KB] 

Statement of Chris Wibbelman Before the U.S. Senate Permanent Subcommittee on Investigations Hearing on “Wall Street Bank Involvement with Physical Commodities” [PDF, 17 KB]