The Federal Reserve Banks two years time to adapt to the "Volcker rule"

According to the economic voice of "the world Caijing reported, the U.S. Federal Reserve and four other U.S. financial regulators issued a joint statement said, will give the banking industry adaptation period of two years, in order to gradually meet the Volcker rule" regulatory requirements. This means that banks can still be carried out within two years self-employed business can use its own funds buying and selling stocks, bonds, currencies, commodities and their derivatives business, which dispelled the concerns damaged by the recent banking industry profit.

Volcker rule is named after former Federal Reserve Chairman Paul Volcker. The reason he proposed this rule, he believes that the excessive speculation of the banking sector is one important reason that led to the financial crisis, thus limiting the self-employed business can effectively reduce the banking sector systemic risk.

 

 

 

2012-04-22

---

downlyg888