WASHINGTON, May 24 (Reuters) - The U.S. Commodity Futures Trading Commission said on Thursday it will host a roundtable next week to get more insight on how to craft key exemptions in the Volcker rule that would limit trading by government-insured banks.
The Volcker rule is part of the 2010 Dodd-Frank law aimed at preventing another financial crisis like the one that prompted government bank bailouts in 2008. Banks have lobbied regulators to carve out broad exemptions to the rule.
But support for broad exemptions has dried up in Washington since JPMorgan announced this month a trading loss of at least $2 billion on a botched hedging strategy. Since that announcement, potential losses have mounted.


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread