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.
Foreign banks in China have warned that they will suffer severe from new rules aimed at limiting lending by domestic banks. The FT reports.
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.