Difference between revisions of "Volcker Rule - Comment Letter - The Clearing House - February 13, 2012"

From Markets Reform Wiki
Jump to navigation Jump to search
Line 40: Line 40:
[[Category:CFTC Proposed Rules]]
[[Category:CFTC Proposed Rules]]
[[Category:Federal Reserve]]
[[Category:Federal Reserve]]
[[Category:The Clearing House]]
[[Category:Clearing House]]

Revision as of 14:43, 22 March 2012

Volcker Rule
February 13, 2012

From the comment letter:

“We urge the Agencies to reject an implementation approach for the Volcker Rule that is based on the assumption that harm to the markets, customers and financial institutions resulting from unnecessarily restrictive regulations can be corrected after the Agencies evaluate the conformance period experience… It is critical, however, that the final rules not be based on the unrealistic expectation that harmful and unintended consequences could be reversed following the conformance period. The final rules must provide a truly meaningful ability to adjust as experience and circumstances warrant. Any other approach would create the very harm to the financial system that the Dodd-Frank Act and the Volcker Rule were designed to prevent.”


<references />

MarketsReformWiki Sponsors

RSM US LLP ADM Investor Services Cinnober Fidessa