CFTC's Chilton: accept Volcker rule or get out of the way


Banks need to accept the Volcker rule and work with it or get out of the way and let it happen, according to Commissioner Bart Chilton of the US Commodity Futures Trading Commission.

Banks that have tried to push back against the rule, which bans proprietary trading for US banks, will simply find that any concessions they may have wanted to see in the Volcker rule will not be there, Chilton warns.

"The result of them covering their eyes and ears and shaking their head and saying 'no, no, no' is

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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