Tags: Frank | Simplified | Volcker | Rule

House’s Frank Asks for a ‘Simplified’ Version of Volcker Rule

U.S. Representative Barney Frank urged regulators to complete work on a simplified version of the Volcker rule ban of proprietary trading before Sept. 3 and to issue guidance clarifying what compliance will be required if the agencies don’t complete the measure by July 21.

Frank, the Massachusetts Democrat who co-wrote the regulatory overhaul that created the Volcker rule, made the comments in a statement.

He called for the simpler rule to be finished by the U.S. Labor Day holiday, which is Sept. 3 this year.


© Copyright 2015 Bloomberg News. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved