Financial Regulatory Forum

COLUMN-Volcker Rule unexpectedly revived by Dodd bill: John Kemp

March 16, 2010

— John Kemp is a Reuters columnist. The views expressed are his own —

By John Kemp

LONDON, March 16 (Reuters) – Paul Volcker’s proposed ban on banks’ proprietary trading or owning hedge funds or private equity funds has been unexpectedly revived in the financial regulation bill published by Senate Banking Committee Chairman Christopher Dodd yesterday.

Obama reasserts Volcker rule, U.S. Senate bill seen

March 4, 2010

WASHINGTON, March 3 (Reuters) – The Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that the U.S. Congress is unlikely to adopt such a rule.

Obama lays out “Volcker rule” specifics for Congress

March 3, 2010

By Karey Wutkowski and Rachelle Younglai

WASHINGTON, March 3 (Reuters) – U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called “Volcker rule” from the Obama administration.

BREAKINGVIEWS-Volcker Rule looks more like hype than future law

February 16, 2010
"Just a photo op"?

"Just a photo op"?

 — The author is a Reuters Breakingviews columnist. The opinions expressed are his own — 

EU says won’t copy U.S. bank plan; bank ethics face scrutiny over Greece

February 16, 2010
Watching the banks

Watching the banks

  BRUSSELS, Feb 16 (Reuters) – Banks in the European Union won’t face a ban on proprietary trading, the bloc’s executive body said on Tuesday, but warned the sector to check its ethics.

EU states cool to Obama proprietary trading ban for big banks -document

February 15, 2010

BRUSSELS, Feb 15 (Reuters) – If U.S. President Barack Obama’s plan to ban proprietary trading at some banks was applied in the European Union, it could be problematic for the bloc’s universal banks, an EU document obtained by Reuters said.

US Stock exchange heads take aim at ‘Volcker rule’

February 9, 2010

By Jonathan Spicer

NEW YORK, Feb 9 (Reuters) – The heads of the top U.S. stock exchanges have poured cold water on the Obama administration’s plan to bar banks from proprietary trading.

Obama bid to rein in banks meets Senate resistance

February 5, 2010

By Kevin Drawbaugh

WASHINGTON, Feb 4 (Reuters) – The U.S. Senate on Thursday looked increasingly likely to adopt, at best, only a watered-down version of the Obama administration’s ambitious proposal to limit risky trading by banks.

Trading curbs should apply to all banks – U.S. Treasury’s Wolin

February 2, 2010

WASHINGTON, Feb 2 (Reuters) – Commercial banks should not be allowed to establish or maintain a separate trading desk, capitalized with their own resources and unrelated to customer business, a top U.S. Treasury official said on Tuesday.

US bank regulator: proprietary trading not at core of crisis

February 2, 2010

WASHINGTON, Feb 2 (Reuters) – The regulator of the largest U.S. banks said on Tuesday that proprietary trading was not at the root of the financial crisis and warned that excessive limits could impair some of banks’ central functions.