"We see some risks to our financial system" from the Volcker Rule, says Manuel Medina-Mora,...

|By:, SA News Editor

"We see some risks to our financial system" from the Volcker Rule, says Manuel Medina-Mora, Citigroup's head of global consumer banking. The rule will likely have an "averse" impact on the liquidity of sovereign securities, which will curb the ability of banks to manage their own risks. He suggests foreign sovereign debt be exempt from the prop trading ban.