Volcker proposes new regulatory structure with Federal Reserve at its heart

Paul Volcker

Paul Volcker set out his vision for a streamlined network of financial regulators in the US yesterday (April 20), including a central role for the Federal Reserve.

The Volcker Alliance, created in 2013 to push for more effective government, published a report calling for a new regulatory structure "capable of keeping pace with the evolving financial landscape".

In the preface to the report, Volcker argues legislative change in the wake of the financial crisis has "done little with respect to the

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