US can go it alone on reforms: Volcker
Paul Volcker, a former chairman of the Federal Reserve and the architect of the US president's recent banking reform proposal, said on Tuesday that if other financial centres with systemically important banks proved unwilling to follow its lead, the US could go it alone.
At a Senate hearing on his eponymous rule which was unveiled by President Obama in a controversial speech on 21 January, Volcker said the US would be able stand alone on banning lenders from engaging in proprietary trading if
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