Regulators hope the rule, named for Paul A. Volcker, the former Federal Reserve chairman, can cut risks taken by banks, but tiny holes in the 71-page rule may leave those banks some wiggle room.


By Channon Hodge and David Gillen December 10th, 2013

Category: Regulation, Video

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2 Responses to “The Volcker Rule: Faults and Virtues”

  1. constantnormal says:

    So FDIC-insured consumer banks can also be market makers, who are allowed to do virtually anything, unlike the split arranged in the Great Depression, wherein consumer banks were not permitted to also be investment banks, which have always blown themselves up, in the fullness of Time.

    I thought the point of the Volcker Rule was to stop banksters from engaging in risky behavior, that would put depositors and taxpayers at risk, not to (foolishly) attempt to delineate all the ways that they might blow themselves up, and make them get permission first …

    All hail the Volcker regulations, implemented by the Congress as the banksters wanted, leaving loopholes large enough to drive a bank through, in only 900 pages that accomplish exactly nothing.

  2. Moss says:

    Rest assured their highly paid lawyers will find every hole in order to support the bonus compensation schemes.