Tensions Raised by the Volcker Rule - Podcast
Corporations, Securities & Antitrust Practice Group and Financial Services & E-Commerce Practice Group Podcast
June 1, 2012Michael S. Barr, Jonathan R. Macey, Dean A. Reuter
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Tensions Raised by the Volcker Rule - MP3
Running Time: 00:52:56
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. 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 are discussed by our experts on this previously recorded conference call.
- Prof. Michael S. Barr, University of Michigan Law School
- Prof. Jonathan R. Macey, Yale Law School
- Moderator: Mr. Dean Reuter, Vice President & Director of Practice Groups, The Federalist Society