Volcker on Volcker

Foreign officials are unhappy with the so-called Volcker Rule, which strikes Paul Volcker as a little odd, considering some are looking at far more “draconian” measures for their own banks.

By Staff | February 13, 2012 | Last updated on February 13, 2012

1 min read

Finance Minister Jim Flaherty and Bank of Canada governor Mark Carney are just the latest foreign dignitaries to attack the so-called Volcker Rule contained within the Frank-Dodd Act. Europeans have been complaining about the ban on prop trading at banks since it was proposed.

All of which strikes Paul Volcker as a little odd, considering Europeans are looking at far more “draconian” measures for their own banks. Read his thoughts on his namesake rule.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

Staff

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