Profile: OCC's Walsh on Volcker rule leaks, Dodd-Frank divergence and bank capital

From the ridiculous to the sublime

John Walsh

Creating a detailed blueprint for implementation of the hugely complex Dodd-Frank Act was never going to be easy. Asking several supervisory agencies to co-operate in drawing up granular sets of rules that fit together perfectly makes the task even more difficult. No wonder, then, that the various agencies have disagreed on occasion. But some of these disagreements have turned into very public spats that highlight key differences in the approaches supervisors want to take.

A recent flashpoint

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