JP Morgan famously reported losses of $2B last quarter, prompting a great deal of discussion about the proper role of regulators in the financial services sector. The Volcker Rule, being promulgated under Dodd-Frank, would limit proprietary trading by certain institutions. But just how easily can industry players and regulators define “proprietary trading,” especially as opposed to legitimate hedging and other risk shifting? Further, will the Volcker Rule single out the U.S. financial services industry by prohibiting activities still permitted by foreign competitors and, if so, with what result? These and other questions will be discussed by our experts.
- Prof. Michael S. Barr, University of Michigan Law School
- Prof. Jonathan R. Macey, Yale Law School
Call begins at 2:00 p.m. Eastern Time.
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