Volcker unhappy with watered down rule: reports


Paul Volcker, a former chairman of the Federal Reserve and the author of the eponymous rule, is thought to be unhappy with the compromise lawmakers have struck on banks' investments in hedge funds.

Reuters, a news wire, reported on Wednesday that a source close to Volcker said he was unhappy with the dilution of his original proposal on banks' ownership of or investment in hedge funds. Lawmakers have kept Volcker's name, but significantly amended one of his two proposals in order to secure the b

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: