AFR in the News: Compilation of Volcker Rule Press Coverage
Here is a compilation of all the press coverage AFR received around the release of the Volcker Rule proposal.
Tag Archives: Volcker Rule
AFR Press Statement: October 12th House Agriculture Committee Hearing
Today’s House Agriculture committee hearing is a loophole festival for the big swaps dealers. The Committee is considering seven different pieces of legislation. Almost every one of them would carve a significant loophole in the new derivatives protections created by the Dodd Frank Act.
AFR In the News: Regulators Advance Volcker Rule
Ben Protess (DealBook/NYT)
October 11, 2011
“Unfortunately, this initial proposal does not deliver on the promise of the Volcker Rule or the requirements of the statute,” said Marcus Stanley, policy director of American for Financial Reform, an advocacy group. …“The vagueness of the proposal, and the hundreds of questions it includes, also demonstrate that we are still in the middle of this process,” said Mr. Stanley. “It’s important to use this opportunity to strengthen the rule – and to prevent Wall Street lobbyists from weakening it still further.”
AFR Press Statement: Volcker Rule
“The Volcker Rule, with its clear ban on both proprietary trading and conflicts of interest, is one of the short list of places where the Dodd-Frank Act imposes an outright ban on Wall Street practices central to the financial crisis. Unfortunately, the proposal issued today falls well short of what the Volcker Rule could and should achieve. It is too weighted toward preserving bank freedom of action, rather than creating the changes in bank practice and culture required by the statute,” said Lisa Donner, executive director of Americans for Financial Reform. “We strongly urge major improvements in the final rule. The serious and widespread economic pain caused by the failures of our financial system, and the growing expressions of public outrage – with more and more people taking to the streets –help make it clear how important it is to get this right,” she added.
AFR in the News: How Lobbyists Are Undermining Dodd-Frank: A Case Study
Darius Tahir (The New Republic)
October 6, 2011
As Marcus Stanley of Americans for Financial Reform told me, all sorts of people rely on predictable commodity markets for their business: gas stations, businesses that supply heating oil, enterprises that order food in bulk such as confectioners, and so on. Higher volatility often ends up being passed on to businesses as a higher cost on their balance sheet, with predictable consequences
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – October 1, 2011 – October 7, 2011.
AFR in The News – The Push to Pull the Teeth out of Dodd-Frank
The current economic turbulence is a direct result of insufficient regulation — so it makes no sense to curb pending rules that would address the causes of the crisis, says Lisa Donner, executive director of Americans for Financial Reform, a coalition of labor, civil rights, community, and small business groups. “The thought that what we need to get the economy going again is to cut back on regulation is astoundingly backwards,” she says, noting that recent polls suggest businesses are struggling with economic conditions, not overregulation.”
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – September 24, 2011 – September 30, 2011.
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – September 17, 2011 – September 23, 2011.
AFR Statement on Leaked Details of Volcker Rule
FOR IMMEDIATE RELEASE DATE: September 19, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Leaked Details of Volcker Rule Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong