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Politics

DealBook: As Volcker Rule Nears, Banks Tread Fine Line on Proprietary Trading

May 14, 2012

Ubiquitous trading practices are creating a headache for regulators who are trying to devise rules to prevent another financial crisis. full story

More news

How much gambling will the Volcker Rule actually stop?

Timothy P. CarneyPresident Obama said his Volcker Rule — part of the 2010 Dodd-Frank financial regulation bill — would stop commercial banks and investment banks from being gamblers, by banning “proprietary trading,” that is, trading with their own money.Read more on WashingtonExaminer.com

washingtonexaminer.com (30 days ago)

Prudential Regulation Authority urged to rein-in banks' proprietary trading

MP Andrew Tyrie wants newly formed PRA to ask banks to publish risk exposure taken by traders and report to parliamentThe Bank of England is under pressure from parliamentarians to crack down on banks that use their own money to take potentially risky bets on the financial markets.On only his second day at the helm of the new Prudential Regulation Authority inside the...

guardian.co.uk (1 month and 14 days ago)

What would Volcker say about HSBC's investment bank?

"You'll know it when you see it," was the phrase used by former Fed governor Paul Volcker to suggest how his eponymous anti-proprietary trading rule might be enforced.

telegraph.co.uk (2 months and 16 days ago)

Volcker Rule may be in for another delay

A top Federal Reserve official on Wednesday said he is “hopeful” that the Volcker Rule will be finished in 2013, which suggests the controversial regulation that seeks to limit speculative trading by big insured banks is being delayed yet again

marketwatch.com (1 month and 14 days ago)

Goldman Takes A Creative Compliance Approach To Volcker Rule

Goldman Sachs recently revealed its intention to raise $600 million for a publicly traded credit fund, which will be structured as a business development company. This is because business development companies lie outside the purview of the Volcker Rule, and so Goldman will be well within the law to trade credit products through this vehicle, which will be funded nearly 25%...

forbes.com (3 months and 3 days ago)

Banking Commission fails to ban banks taking risky proprietary bets

Commission decides US-style regulation would be too onerous for British banksThe banking commission has stepped back from banning banks using their own funds to take risky bets on markets and instead called on the new sector regulator to clamp down on such proprietary trading.In its latest report, the commission calls on the Prudential Regulatory Authority, which will take...

guardian.co.uk (2 months and 5 days ago)

Blame Congress for Volcker Delay

NEW YORK (TheStreet) -- Bank regulators have done a bang-up job in making sure that the nation's largest financial institutions build up sufficient capital levels to weather another economic storm, but the Federal Reserve's proposal to implement the "Volcker Rule" still hasn't been finalized. Last May, I wrote an opinion piece called Volcker Rule: Now or Never, saying it was...

thestreet.com (2 months and 5 days ago)

Volcker Rule Will Benefit These Firms: KBW

NEW YORK (TheStreet) -- The intense regulatory focus on "Too Big to Fail" banks should continue to create opportunities for smaller players and non-banks, according to KBW analysts. "The implementation of the Volcker rule is likely to be tougher than was thought just a few months ago, the push to move derivatives to exchanges will accelerate, and the continued implementation...

thestreet.com (1 month and 16 days ago)

Banning Prop Trading By Banks: At Some Point It Becomes Banning Banking

There's a basic philosophical problem with the idea that we should be banning proprietary trading by banks. That problem being that at some point the banning of such becomes the banning of banking itself. Which, given that we'd rather like to continue to have banking itself means that we cannot just enforce on outright ban on banks' proprietary trading.

forbes.com (1 month and 24 days ago)

Volcker urges progress on namesake trading ban

WASHINGTON (Reuters) - A fragmented regulatory landscape and obstruction by lobbyists are to blame for a lack of progress in banning banks from betting with their own money, Paul Volcker said on Monday.

reuters.com (2 months and 15 days ago)

DealBook: As Volcker Rule Nears, Banks Tread Fine Line on Proprietary Trading

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