Volcker Warns on Swaps Desks

Former Fed chairman Paul Volcker is concerned about a controversial proposal that could force big banks to spin off their lucrative derivatives businesses. In a letter to senators from both parties, Volcker said he has concerns about the “extensive reach” of a Senate proposal that could force banks to spin off their swaps desks.

“The provision of derivatives by commercial banks to their customers in the usual course of a banking relationship should not be prohibited,” Volcker said. – Reuters

Jasper - The Real Deal!

Risk Our Money Not Yours | Get 80% Off Any Account!

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.