“We cannot continue down this path of reflexive, knee-jerk regulation that fails to provide clarity and certainty to market participants.”
--Scott O’Malia, commissioner at the U.S. Commodity Futures Trading Commission, on why he is opposed to the Volcker Rule, which he says is fundamentally flawed and imposes significant obligations upon market participants at a considerable cost.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
