New Bank Regulations, No Proprietary Trading
January 22nd, 2010
| Categories: Market Minds, The Big Picture
Lots of stories below cover banking regulation. Here is a summary of what we know. No details have been released. As the Bloomberg story below says, we don’t even know the definition of “proprietary trading” for these purposes. Frank’s statement below says: The President’s initiatives build on provisions that originated in the House Financial Services Committee and were included in the Wall Street Reform and Consumer Protection Act, which passed the House on December 11. By adopting the amendment offered by Rep. Paul Kanjorski, we included provisions in this bill to give the regulators the power to do everything the President has proposed.
Continued here:
New Bank Regulations, No Proprietary Trading
Leave a comment
| Trackback