Tarullo admits Volcker rule may be ‘too complicated’
Outgoing Fed governor warns against diluting capital regime despite complexity
Daniel Tarullo, the outgoing Federal Reserve governor, believes there is a “fairly strong” case for amending elements of post-crisis regulation in the US, most notably the Volcker rule.
In his final speech as governor, delivered on April 4, Tarullo said the Volcker rule should probably be simplified. The rule stipulates that insured deposit-taking firms are not allowed to engage in proprietary trading – simple enough in theory, but not necessarily in execution.
“Several years of experience
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