The implementation of the Volcker rule, a component of the US Dodd-Frank Act that deters banks from engaging in proprietary trading, is already affecting liquidity in the foreign exchange market and making investing more difficult, according to currency managers.
The Volcker rule has proved controversial since it was first proposed in 2010, with much debate over the precise definition of proprietary trading. Its exact scope is subject to the agreement of five US regulatory agencies and looks unl
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- All central banks may have to consider crypto-currencies – BIS