Volcker Won’t Apply To Non-U.S. Units Of Foreign Banks
Former Federal Reserve Chairman Paul Volcker said the proposed ban of proprietary trading named after him would not apply to units of foreign banks that operate outside the U.S., adding that such banks operating in the U.S. are already barred from engaging in proprietary trading.
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
