Arab Today, arab today volcker rule remains divisive
Last Updated : GMT 21:56:28
Arab Today, arab today
Arab Today, arab today

Volcker Rule remains divisive

Arab Today, arab today

Arab Today, arab today Volcker Rule remains divisive

Washington - UPI

Setting guidelines for the Volcker Rule, intended to stop banks from making risky bets, still baffles regulators, a former U.S. Federal Reserve attorney said. The uncertainty has delayed the launch of the rule. \"The Volcker Rule regulations have unfortunately been long delayed, obviously in my mind because the agencies are having difficulties reaching agreement,\" Michael Bradfield, a former general counsel at the Fed, told The New York Times. \"The well-known skepticism of some in the Fed about the workability of the Volcker Rule has undoubtedly contributed to this situation,\" he said. The Volcker Rule is named after former Fed Chairman Paul Volcker, who pushed for its inclusion in the Dodd-Frank financial overhaul bill signed into law in July 2010. The rule is intended to stop banks from making bets on the market that risk their stability. It aims to stop banks from using their own money to make bets, called proprietary trading. It is also meant to restrict bank investments in hedge funds. When the law was written, regulators complained it may be impossible to enforce. The Times reported Friday that most of the squabbling now is over exceptions that regulators could write into the final version of the rule. Regulators expected to announce the final version of the rule in September but that has been pushed back until November. Various regulators are contributing input, including the Federal Reserve, the Treasury Department and the Commodities Futures Trading Commission. The Volcker Rule has become one of the most contentious of the Dodd-Frank bill\'s mandates. Republicans, including Sen. Scott Brown, R-Mass., are lobbying to broaden the guidelines for exemptions. Democrats, in turn, are lobbying to have the rule stick to the intended mandate or even have it strengthened. Massachusetts voters may be more keenly involved with the issue than most because Brown was one of three Republican senators to vote for the Dodd-Frank overhaul bill, a key component of which he is now trying to soften. Brown is running against Elizabeth Warren, a Harvard professor whose was an early proponent of establishing a bureau that would protect consumers in financial matters, similar to the Consumer Product Safety Commission. The Consumer Financial Protection Bureau was established by the overhaul bill for that purpose.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today volcker rule remains divisive Arab Today, arab today volcker rule remains divisive

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday