Hints and tips:
Related Special Reports
Related Topics
...* Please do get in touch if you are a financial celebrity, or represent one, and would like to get involved — especially if you can top Paul Volcker (RIP) signing printouts of the Volcker Rule....
...Because of the rules, we had to do it on Zoom. But even that had its upside....
...In 2015, the Volcker rule curbed proprietary trading by US investment banks. Trading-oriented hedge funds have expanded accordingly....
...He left Goldman just as it became a bank holding company and before the introduction of the Volcker rules on proprietary trading — changes that tamped down on risky activities....
...Luckily, amid all the usual guff about r-stars, obsolete playbooks and how Volcker loved fly-fishing, this year’s Jackson Hole confab yielded an interesting paper on the topic by Stanford’s Darrell Duffie...
...I [prefer] the Volcker/Greenspan approach, which is to recognise that the Fed is a little bit like the Delphic oracles. People regarded them as omniscient and omnipotent, but they were in fact neither....
...They’ve never written down a forecast that is just a massive rapid decline in inflation, so that’s heartening because that hasn’t been the case in other episodes like with former chair Paul Volcker [in the...
...Luce rightly credits Carter’s bold weaponisation of human rights with undermining the legitimacy of Soviet Communist rule....
...But, like any other quasi-constitutional rule, it should be held up for public scrutiny and judged against the demands of the moment....
...The 2014 Volcker rule outlawing much proprietary trading by banks has changed practices. Priorities also change with different SEC chairs....
...Despite being the 16th-largest US bank, it was unfortunate that SVB was not subject to Fed stress tests, nor the international Basel banking rules on liquidity....
...Contrary to the belief of most central bankers, there is no definitive model that works: “monetary theory . . . does not provide central bankers with decision rules that are at once firm and dependable”,...
...After all, former Fed chair Paul Volcker stopped raising rates in 1984 when the Continental Illinois bank collapsed. Conversely, a global recession might bring lower market interest rates too....
...Since the global financial crisis, this corner of the hedge fund industry has been among the main beneficiaries of the Volcker rule, which restricts banks from trading risky assets on their own account....
...This is a relatively new phenomena that really starts in sort of the post-Volcker period in the mid-eighties....
...The Fed’s last period of steep tightening started under Paul Volcker in the late 1970s. Higher US rates helped trigger far deeper recessions in the global south....
...(Ethan Wu) FIS/Worldpay As a rule, I have a lot of confidence in capitalism and markets....
...And golden rule: the quizmaster is always right. Answers are at the bottom — no cheating! 1) Masters of the Universe Paul Volcker was a giant of economics in more than one way....
...“The post-Volcker years have been very good for financial markets and for our generation,” he says, referring to Paul Volcker, the Fed Reserve chair from 1979-1987 who was credited with ending high levels...
...The so-called Volcker rule, she concluded, was not stringent enough as it stood, its guardrails “insufficient” and open to “significant abuse”....
...Economics editor Chris Giles argues that the country needs new rules, giving greater prominence to supply conditions, wages and corporate pricing....
...Brainard opposed easing capital and liquidity requirements for US banks during Powell’s tenure, as well as modifications to Volcker rule guidelines on proprietary trading....
...Finally, the restrictions put in place by the Volcker rule’s ban on proprietary trading were eroded by a set of exclusions and definition changes....
...This was an amalgamation of the private equity-style dealmaking the bank is still doing as well as “proprietary trading” of stocks and bonds that was outlawed by the Volcker rule, part of the Dodd-Frank...
...This was an amalgamation of the private equity-style dealmaking the bank is still doing, in addition to “proprietary trading” of stocks and bonds — a practice since outlawed by the Volcker rule, part of...
International Edition