No Fed Backstop For Prop Trading Banks
Banks that engage in proprietary trading should not benefit from a government backstop, according to Federal Reserve Governor Sarah Raskin, who said in a speech she views “proprietary trading as an activity of low or no real economic value.”
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
