This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 21, 2012 – January 27, 2012.
Tag Archives: Volcker Rule
AFR in the News: Public Citizen, Other Groups Call For U.S. To Break Up Bank Of America
“Nearly two dozen professors and groups have joined the effort. Bank of America, the Fed and the Treasury declined to comment on the planned petition. …the letter was distributed on a list-serve for a coalition called Americans for Financial Reform…”
AFR in the News: Gillibrand Enters Volcker Rule Fray
“‘It is specious to the point of misleading to suggest that the needs for liquidity currently provided by banks will not be filled,’ Wallace Turbeville, who represented Americans for Financial Reform, a nonprofit group that favors new restrictions on Wall Street risk-taking, told a Congressional committee this month.”
AFR in the News: U.S. Regulators to Defend Volcker Rule Ban on Proprietary Trades
“Consumer groups and supporters of the rule have leaned on regulators to stick to the implementation timeline and pushed back against assertions that the rule will damage capital markets. The arguments from financial firms ‘are all founded on the irrational assumption that, once bank proprietary trading ceases under the Volcker Rule, others will not expand to meet demand,’ Wallace C. Turbeville, a former Goldman Sachs banker, said in testimony prepared for the hearing on behalf of Americans for Financial Reform, an umbrella organization made up of consumer groups, labor unions and civil rights law firms.”
AFR in the News: Regulators defend 300-page ‘Volcker Rule’ on risky trading
“However, a representative of the group Americans for Financial Reform argued the Volcker Rule is a vital safeguard for the financial system, ensuring that American taxpayers no longer effectively guarantee risky trading done by insured depository institutions.”
AFR in the News: New Laws Possible In Wake of MF Global’s Demise
“Lawmakers are considering new policies aimed at preventing a repeat of the MF Global debacle…the committee’s chairwoman, Senator Debbie Stabenow, sent roughly 20 letters on Wednesday to some of the industry’s biggest players, seeking suggestions for new policies. … She sent letters to consumer advocacy groups, including Americans for Financial Reform…”
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 14, 2012 – January 20, 2012.
AFR Briefing Memo: The Volcker Rule and Market Liquidity
The Volcker Rule and Market Liquidity The Volcker Rule will restrict banks’ ability to speculate in financial markets. Recently, critics of the rule have claimed that it will lead to declines in market liquidity that will have serious economic effects. A new industry-funded study from
Wallace Turbeville’s Testimony on Behalf of AFR at House Financial Services Volcker Rule Hearing
Read Wallace Turbeville’s testimony at the House Financial Services hearing on “Examining the Impact of the Volcker Rule on Markets, Businesses, Investors and Job Creation” here.
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 7, 2012 – January 13, 2012.