Volcker urges more reform beyond trading curbs
February 29, 2012
Quoted: Paul Volcker, Belfer Center International Council member
Topic: Volcker Rule
“Former U.S. Federal Reserve chairman Paul Volcker, who lent his name to historic restrictions on banks’ financial market trading, says regulators should not back down in imposing the curbs and that additional reforms to markets are necessary.
‘There is a group of banks that don’t like it. They would like to have some freer action to do what they want to do as in the past — you get some opposition to it,’ Volcker told reporters at a financial markets conference in Abu Dhabi on Wednesday.”