Fed’s Tarullo identifies supervisory difficulties in applying Volcker rule

tarullo

Daniel Tarullo, a member of the Federal Reserve's Board of Governors, on January 18 said regulators planned to collect additional data from trading firms to help differentiate between proprietary trading activities, prohibited under the Volcker Rule, and permissible market-making activities.

At a hearing before the US House of Representatives, in Washington, DC, Tarullo said the statutory provisions that make up the Volcker rule generally prohibit banking entities from engaging in two types of

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