This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – December 10, 2011 – December 16, 2011. Note: This Week in Wall Street Reform will not be complied again until January 6, 2012.
Tag Archives: Volcker Rule
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – December 3, 2011 – December 9, 2011.
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – November 25, 2011 – December 2, 2011.
AFR in the News: The Volcker Rule and Barclays’ UK Bear Hug
The Volcker Rule and Barclays’ UK Bear Hug – Nick Dunbar
“On Nov. 3rd, I attended the inaugural BBC Today Business Lecture, given by Bob Diamond, the chief executive of Barclays. The man who told the UK Treasury Select Committee that it was time to stop apologising for the financial crisis had been given an image makeover. …The more I thought about it, aside from the change in tone, there was not a great deal of difference between the unrepentant Diamond addressing the Treasury Committee and the contrite version lecturing the BBC. …The answer came to me last week…I was invited by the legislative counsel for Sen. Jeff Merkley, one of the architects of the original Volcker Rule bill, and… Americans for Financial Reform.”
AFR in the News: Politico’s Morning Money Push Back: Volcker Edition
M.M. Push Back: Volcker Edition – Ben White (Politico’s Morning Money)
“ Pro-reform groups were not, ahem, too happy about the anonymous comments from a senior banker in M.M. suggesting the Volcker Rule as drafted goes beyond what the statute intended. … John Carey, Communications Director for Americans for Financial Reform emails: ‘Hard to believe that bankers have a better idea of what Congress intended than Senators Merkley and Levin, who drafted the Volcker Rule. Wall Street lobbyists seem to think that the impact of the rule is limited to taking the word ‘proprietary’ off traders’ business cards. …’
AFR in the News – House Democrats ask for tougher Volcker rule
House Democrats ask for tougher Volcker rule – Dave Clarke (Reuters)
“A group of House Democrats are asking regulators to start over with a proposed ban on proprietary trading by banks, arguing the current proposal has too many loopholes. … At a November 9 event on the rule, however, Volcker’s top aide, Tony Dowd, said…‘[f]rom Mr. Volcker’s standpoint I think he is hanging his hat on the strong wording of the general prohibition on prop trading and the accountability for senior management and boards of directors to implement the policy,’ he said at an event hosted by Americans for Financial Reform, which supports the Volcker rule.”
AFR in the News: Volcker conflict-of-interest rule too weak: Levin
Volcker conflict-of-interest rule too weak: Levin – Dave Clarke (Reuters)
“U.S. regulators are not going far enough with the Volcker rule to prevent large banks from betting against their clients’ interests, Senator Carl Levin said on Wednesday. …Levin found fault with language that allows banks to take positions that may conflict with their clients…‘That’s not nearly tough enough for me,’ Levin said at an event examining the Volcker rule that was hosted by Americans for Financial Reform…”
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – November 11, 2011 – November 18, 2011. Note: TWiWSR will not be compiled next week – see you December 2nd.
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – November 5, 2011 – November 10, 2011.
AFR in the News: Senators cite MF Global as Volcker rule rationale
Senators cite MF Global as Volcker rule rationale – Ronald D. Orol (MarketWatch)
“Two senators on Wednesday urged approval of regulations to adopt key provisions in the Volcker rule, arguing that the recent failure of MF Global illustrates why it should be approved. …during a gathering organized by Americans for Financial Reform, a progressive-leaning group.” Click here for more.