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Articles tagged with: Volcker Rule

AFR in the News: Time Short for Goldman, Morgan Stanley to Exit Billions in Funds (Bloomberg)
July 15, 2016 – 12:39 pm

“The banks have had plenty of warning, and they’ve had a good market to sell their holdings, said Marcus Stanley, policy director for Americans for Financial Reform. They ‘want to hit the snooze button again over and over with the Fed,’ Stanley said… ‘The regulators have to be prepared to say, Time’s up.’ ”

Letter to Regulators: The Public Deserves More Transparency on Volcker Rule Implementation
December 18, 2015 – 10:57 am

AFR is calling on financial regulators to provide the public with more transparency on the implementation of the Volcker Rule, the historic prohibition on bank proprietary trading incorporated into the Dodd-Frank Act.

AFR in the News: Did the Volcker rule really harm the bond market? (MarketWatch)
August 21, 2015 – 12:04 pm

“Bonds seem to trade in smaller transaction sizes than they once did… That is perceived as a sign of illiquidity… A better indication, according to a presentation by Marcus Stanley, policy director of Americans for Financial Reform, would be total trading in the corporate market, which in fact has slightly increased since the financial crisis.”

AFR in the News: Canada Just Threw a Grenade Into Elizabeth Warren’s Trade Fight With Obama (Huffington Post)
May 19, 2015 – 2:38 pm

“‘The administration can say whatever it wants about its interpretation of these trade agreements,’ said Marcus Stanley, policy director at Americans for Financial Reform, a Wall Street watchdog group. ‘The problem is, under the terms of these agreements, they are not going to be interpreting them. Private tribunals of trade lawyers are going to be interpreting them, and there are going to be plenty of openings, as this shows, to make claims that critical prudential regulations conflict with trade agreements. And eventually one of those is going to win out.'”

AFR in the News: Republicans and Wall Street Say To Hell With Protecting the Public! (Moyers & Co.)
January 18, 2015 – 10:01 am

“Since December, Congress has twice passed measures to weaken regulations in the Dodd-Frank financial law that are intended to reduce the risk of another financial meltdown. In the last election cycle, Wall Street banks and financial interests spent over $1.2 billion on lobbying and campaign contributions, according to Americans for Financial Reform. Their spending strategy appears to be working. Just this week, the House passed further legislation that would delay by two years some key provisions of Dodd-Frank. “[Banks] want to be able to do things their way, and that’s very dangerous.” MIT economist Simon Johnson tells Bill.

AFR in the News: Banks Win More Time to Sell Private Equity Stakes (USA Today)
December 19, 2014 – 10:29 am

Americans for Financial Reform… called the Fed action disappointing and said it “raises serious questions about regulators’ intentions to properly enforce the Volcker Rule.” “Since proprietary trading can occur through the mechanism of external funds, the delay in divestment requirements for covered funds will greatly weaken the enforcement of other crucial parts of the Volcker Rule as well,” the organization said.

AFR Statement on Federal Reserve Delay of Volcker Rule Implementation
December 18, 2014 – 11:24 am
AFR Statement on Federal Reserve Delay of Volcker Rule Implementation

December 18, 2014
Contact: Marcus Stanley
Today, the Federal Reserve announced that it would delay the effective implementation of a crucial part of the Volcker Rule …

AFR in the News: How Obama Can Rein in Wall Street Without Going Through Congress
July 7, 2014 – 4:25 pm

“Wall Street’s relentless lobbying campaign pressured regulators to dial down some of the reforms, but the overhaul law still has a lot of strength,” Danielle Douglas writes in the July 3rd Washington Post. Her article goes on to quote AFR policy director Marcus Stanley: “The regulators have the statutory authority,” he says. “The question is whether they are going to use that authority.”