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Published October 13, 2011
Market makers boxed in by Volcker Rule Consultation paper shows clear impacts for banks that have not been able to prove proprietary trading does not pose significant risks to large institutions. The politicization of banking has found its bluntest instrument in the Dodd-Frank Act, crafted by politicians; but the Volcker Rule, proposed by economist and central banker Paul Volcker—and endorsed by president Barack Obama, of course—is just as blunt, aiming to remove proprietary trading from... All visitors must register to gain access. Access to selected news, research and our regular e-newsletters is free for up to 10 days from publication. Please login now or subscribe/register.
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