Home \ Keywords \ Volker Rule

You are here

Volker Rule

Volcker rules (on bank regulations, that is)

"Like a lot of people, Paul Volcker is disgusted with the nation's banking system. The former Federal Reserve Board chief isn't happy that so much business is concentrated in a handful of giant banks that he says are too big to properly manage. He's alarmed that these institutions used their government-insured deposits to gamble on super-risky securities. He's enraged when they exploit long-term client relationships to make a fast buck on their trading desks.