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Wake Up the Banking Police
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Gretchen Morgenson cites two views on the newly approved Volcker Rule in December 2013. Prof. Richard Sylla of New York University sees the rule as going part way in the direction of the Glass-Steagall Act, which gave the financial markets five or six decades of financial stability. Just the fact that the rule is on the books should give the bank officers pause before engaging in questionable financial activities, is his view. Prof. David Skeel of the University of Pennsylvania Law School, believes only aggressive enforcement can make the law work because of the way it is written. He says regulators have fallen short in enforcement in the past and have not been held accountable. Only by making regulators accountable, including penalties for regulators failing to do their job, would this work says Skeel. By not imposing penalties for regulatory failures in the last crisis there is more likelihood for this sort of behaviour to continue. Instead the same regulators are now given greater powers after an earlier failure. Considering the Skeel view, the importance of the attestation- that is now required from bank senior executives that the Volcker Rule's provisions are being followed- take on an important role in ensuring enforcement. This also coincides with Mr. Volcker's view that the bank officers should have to take on the responsibility for making sure that they are doing it the right way.
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12/14/2013
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New York Times 12/14/2013
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The U.S. Volcker Rule for bank regulation in its final form- Dec. 2013
12/05/2013
The U.S. Volcker Rule for banks in its final form does not allow portfolio hedging that creates new risks.
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Volcker Rule Won't Allow Banks to Use 'Portfolio Hedging'
Wall Street Journal 12/05/2013
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Washington Post 12/07/2013
Near a Vote, Volcker Rule Is Weathering New Attacks
New York Times 12/08/2013
Regulators Set to Approve Tougher Volcker Rule
New York Times 12/09/2013
What Wall Street is looking for in the Volcker rule - The Washington Post
Washington Post 12/09/2013
Volcker Trims the Banking Hedge
Wall Street Journal 12/10/2013
The Volcker Rule in 2011-2012 - implementation of the spirit of the Volcker Rule
07/09/2010
A drafting of the Volcker Rule to ensure compliance to the ideas that motivated former Fed chairman Volcker to suggest the rule.
Grouped Articles
Volcker Plans to Restore Faith in Government
New York Times 05/29/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
Paul Volcker Pushes for Reform, and Regrets His Past Silence
New York Times 07/09/2010
The Volcker Rule on Bank Risks Approaches Its Final Edits
New York Times 12/03/2013
Regulators Set to Approve Toughened 'Volcker Rule'
Wall Street Journal 12/04/2013
New York Times 12/14/2013
Paul Volcker on what remains to be done in November 2011 for a safe U.S. financial system
07/09/2010
Grouped Articles
Volcker Plans to Restore Faith in Government
New York Times 05/29/2013
Paul Volcker Pushes for Reform, and Regrets His Past Silence
New York Times 07/09/2010
Regulators Set to Approve Toughened 'Volcker Rule'
Wall Street Journal 12/04/2013
New York Times 12/14/2013
Volckerâs Advice for More Financial Reform
New York Times 10/22/2011
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Wall Street Journal 11/21/2011
Deutsche Bank's decision to close its commodities business following the Volcker Rule in December 2013
12/06/2013
The Volcker Rule's strict limits on portfolio hedging and its other provisions are part of the reason behind this decision, say experts.
Grouped Articles
Deutsche Bank to Scale Back Commodities Business
Wall Street Journal 12/06/2013
New York Times 12/14/2013
Off Limits, but Blessed by the Fed
New York Times 12/21/2013
Fed Gives Banks More Time to Sell Private-Equity, Hedge-Fund Stakes
Wall Street Journal 12/19/2014
Deutsche Bank Flew and Fell. Some Paid a High Price.
The New York Times 12/30/2016
Volcker's advice on the writing of regulatory reform
07/09/2010
He advises writing broad rules that are harder for banks to circumvent.
Grouped Articles
Volcker Plans to Restore Faith in Government
New York Times 05/29/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
Paul Volcker Pushes for Reform, and Regrets His Past Silence
New York Times 07/09/2010
The Volcker Rule on Bank Risks Approaches Its Final Edits
New York Times 12/03/2013
Regulators Set to Approve Toughened 'Volcker Rule'
Wall Street Journal 12/04/2013
New York Times 12/14/2013
The Volcker Rule- consultants, law firms and bank's internal compliance departments
12/12/2013
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Banks, Agencies Draw Battle Lines Over 'Volcker Rule'
Wall Street Journal 12/12/2013
New York Times 12/14/2013
New Regulations Leave Buyout Shops Out on Their Own
Wall Street Journal 02/10/2014
Fed Gives Banks More Time to Sell Private-Equity, Hedge-Fund Stakes
Wall Street Journal 12/19/2014
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