Fed's Tarullo: Volcker Rule has limitations, it is critical that the Fed take a tough approach to monitoring and constraining the risks in all trading operations at the largest financial institutions
- The final rule has been modestly simplified from the 2011 proposal, but the agencies found that a good bit of the complexity in the proposal was hard to avoid in the final rule. Much of the remaining complexity lies in the part of the rule dealing with covered funds. The part of the rule dealing with proprietary trading has been streamlined somewhat, particularly by reducing the number of metrics that will be used in the reporting and analysis of trading data.
- Full speech: {http://www.federalreserve.gov/newsevents/testimony/tarullo20140205a.htm}
- Note that Tarullo does not address monetary policy in the speech
- Full speech: {http://www.federalreserve.gov/newsevents/testimony/tarullo20140205a.htm}
- Note that Tarullo does not address monetary policy in the speech