Dick Bove, Rafferty Capital VP of equity research, reacts to the Fed's decision to give banks an extra 2 years to conform to the part of the Volcker Rule that would force them to sell "riskier" forms of debt.» Read More
CNBC's Kate Kelly reports how the tougher rules under the Volcker Rule are impacting banks.
CNBC's Eamon Javers breaks down the 5 key exemptions of the Volcker Rule, including underwriting and risk mitigated hedging.
CLSA research analyst Mike Mayo shares his views on the Volcker Rule and says that "there's always ways for smart bankers and lawyers to get around" such precise regulations.
WASHINGTON, Dec 10- U.S. regulators toughened key sections of the Volcker rule's crackdown on Wall Street's risky trades on Tuesday as they finalized one of the harshest reforms after the credit meltdown.
Discussing the Volcker Rule and the improvements made to make the legislation stronger, with CNBC's Rick Santelli and Sheila Bair, former chair of the FDIC.
The FDIC has voted unanimously to approve the Volcker Rule. CNBC's Eamon Javers details the compliance issues.
CNBC's Rick Santelli discusses if the Volcker Rule will address the issues of "too big to fail."
Anton Schutz, Mendon Capital Advisors president & CIO, and Jeffery Harte, Sandler O'Neill principal, discuss the Volcker Rule and what legal challenges could arise.
CNBC's Eamon Javers details the five key exemptions under the Volcker Rule. Regulators from the FDIC and Federal Reserve are expected to vote to approve the legislation which would ban banks from proprietary trading.
WASHINGTON, Dec 10- Wall Street banks will need to prove to regulators their trades are done on behalf of clients or to protect against market risks and are not speculative bets for their own profit, under the final version of the Volcker rule released by U.S. officials on Tuesday.
WASHINGTON, Dec 10- Wall Street banks will need to prove to regulators that certain trades are done on behalf of clients and are not veiled speculative bets as part of the final Volcker rule that U.S. officials plan to adopt on Tuesday, a senior regulator said.
WASHINGTON, Dec 10- U.S. regulators are set on Tuesday to approve a rule to rein in risky trading by banks, a crucial part of their efforts to reform Wall Street and prevent another costly taxpayer bailout.
Keith Pogson, Senior Partner, Asia Pacific Financial Services at EY, outlines the hurdles ahead for major banks in complying with the new rules, which could cost them millions.
Here's why SEC commissioner Michael Piwowar plans to vote against the Volcker Rule.
Harvey Pitt, Kalorama Partners CEO and former SEC chairman, discusses the "toughened" version of the Volcker Rule and what can be expected from the new regulation. Pitt thinks there will be more restrictions across the board.
"For something of this magnitude and this controversial... there will be somebody who will challenge it," said Brian Cartwright, an advisor at consultancy Patomak Global Partners and a former general counsel at the Securities and Exchange Commission, one of the agencies voting on the measure.
CNBC's Kayla Tausche explains the Volcker Rule wants to prevent banks from placing outsized trades using their own money. The rule is set to be approved on Tuesday.
CNBC's Kayla Tausche reports regulators are expected to approve a final draft of the Volcker Rule. Cantor Fitzgerald CEO Shawn Matthews, weighs in.
WASHINGTON, Dec 5- The United States urged Europe and Asia to match its efforts to make the financial industry safer, saying on Thursday it likely had done enough to ensure taxpayers will not have to bail out banks again in future crises.
Gary Parr, Lazard vice chairman, gives his perspective on the complexity of the "Volcker Rule" and talks about the future of Wall Street.