Source: U.S. Commodity Futures Trading CommissionTrading in the News
White House recommits to "Volcker rule" bank trade ban
Feb. 23 WASHINGTON (Reuters) - The Obama administration said on Tuesday it is still committed to the "Volcker rule" to ban risky trading by banks, although Congress looks increasingly unlikely to adopt the rule as proposed.
The White House's forceful support for the rule came after the Treasury Department said earlier in the day that it backed "mandatory limits" on banks trading for their own account.
The White House's forceful support for the rule came after the Treasury Department said earlier in the day that it backed "mandatory limits" on banks trading for their own account.
Read more: http://www.reuters.com/article/idUSTRE61L3UL20100224