×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Bair Volcker Rule Study Aims to Provide Clarity to Markets

Bair: Volcker Rule Study Aims to Provide Clarity to Markets

Tuesday, 18 January 2011 01:38 PM EST

Federal Deposit Insurance Corp. Chairman Sheila Bair said regulators studying the Volcker rule will provide clarity to inform rulemaking on the Dodd-Frank provision aimed in reining in proprietary trading by banks.

“We are trying to provide more clarity to the markets,” Bair said today in an interview on Bloomberg Television’s “Surveillance Midday with Tom Keene” today. “Speculative proprietary trading was a factor in the crisis.”

The Financial Stability Oversight Council, a panel of regulatory-agency heads established under the Dodd-Frank Act, may release a study on the Volcker rule when it meets today. The measure, named for former Federal Reserve Chairman Paul Volcker, bars banks from risking capital by betting for their own accounts.

Bair, a member of the council, said regulators will be looking at whether firms are taking positions that might be deemed proprietary, whether they are making or losing money and whether they are leaving positions exposed.

“I don’t think there will be any surprises in the study,” Bair said.

© Copyright 2023 Bloomberg News. All rights reserved.


FinanceNews
Federal Deposit Insurance Corp. Chairman Sheila Bair said regulators studying the Volcker rule will provide clarity to inform rulemaking on the Dodd-Frank provision aimed in reining in proprietary trading by banks. We are trying to provide more clarity to the markets, Bair...
Bair Volcker Rule Study Aims to Provide Clarity to Markets
162
2011-38-18
Tuesday, 18 January 2011 01:38 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

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