The Treasury Department is working with US banking and markets regulators to simplify the Volcker rule.
Treasury secretary Steven Mnuchin said the Financial Stability Oversight Council (FSOC) is co-ordinating an effort to rework the proprietary trading ban to give greater freedom to market-making desks, rather than repealing the measure in its entirety.
“With banks and regulated institutions, I don’t think that’s the place to have proprietary trading – within the regulated entity,” he said. “[
The week on Risk.net, October 6-12, 2017Receive this by email