GFS LinkedIn
GFS Facebook
GFS Twitter
GFS RSS feed

CFTC set for Volcker rule vote

Thursday 5 January 2012 - by Andrew.Hickley@gfsnews.com

 The Commodity Futures Trading Commission will propose its version of the Volcker Rule, which aims to curtail proprietary trading for banks in the US, during a meeting next week.

The agency will use its first open meeting of the year on 11 January to table the rule, it announced on Wednesday.

The proposals will come exactly three months after a number of agencies, including the Federal Reserve, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, jointly issued their own measures.

CFTC chairman Gary Gensler has since said that the agency's rule will be "consistent" with the measures put forward by other regulators.

The CFTC's January meeting will also vote on final rules regarding the registration of swap dealers and major swap participants, conduct standards for swap dealers and major swap participants and amendments to commodity broker bankruptcy provisions.

Send us your thoughts (in strict confidence) or submit an article in response:


Email: andrew.hickley@gfsnews.com


WHAT DO YOU THINK?
 
Name:
   
Email:
   
Comment:
   
Post as Anonymous
  Display name
   
Please, enter security code
   
 

No comments yet.

STRAW POLL

Will markets in 2012 have a tougher time than 2011?

Yes

No

Don't know

View results

FIND A REGION world regions