Seeking Alpha

Fed mulls delay to Volcker rule

  • The Federal Reserve could delay by a year the date by which banks will have to comply with all aspects of the Volcker rule. The target at the moment is July 2014.
  • Regulators are still finalizing the proposal, which, among other things, would ban banks from proprietary trading using their own money. The regulators are unlikely to release the definitive version until December.
  • However, banks would still have to eliminate their pure proprietary trading desks by July next year.
  • The sector is concerned that the rule will limit activities such as market making and hedging.
  • ETFs: FAS, XLF, FAZ, UYG, VFH, IYF, SEF, IAI, IYG, FXO, PFI, KBWB, KCE, RWW, FINU, RYF, PSCF, FINZ, FNCL, KBWC
  • Related tickers: BAC, GS, JPM, C, BK, WFC, MS
Comments (6)
  • Coalfan
    , contributor
    Comments (57) | Send Message
     
    But of course
    Another win for the banks
    18 Nov 2013, 06:00 AM Reply Like
  • chicagomary
    , contributor
    Comments (187) | Send Message
     
    old rule that the market can't go up without banks and shipping. I don't own any banks but do have some XLF
    18 Nov 2013, 08:53 AM Reply Like
  • williebid
    , contributor
    Comments (10) | Send Message
     
    Limiting market making and hedging may lead to a more stable investing environment for ALL of us.......no more rogue traders to worry about......
    18 Nov 2013, 10:00 AM Reply Like
  • oregonpat
    , contributor
    Comments (13) | Send Message
     
    Who are the specific people leading this horrid plan? We need more transparency in order to confront these derailers.
    18 Nov 2013, 11:57 AM Reply Like
  • JGulley317
    , contributor
    Comments (13) | Send Message
     
    It's important to minimize risk, though in the same return, it will minimize growth. What's that old saying? You know it, "No risk, no reward."
    19 Nov 2013, 02:15 AM Reply Like
  • FleetUSA3226
    , contributor
    Comments (837) | Send Message
     
    Maybe government just delaying another ObamaCare-style fiasco.
    19 Nov 2013, 06:36 AM Reply Like
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