Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Volcker rule reforms afoot at Federal Reserve

Joe Mont | March 7, 2018

What’s ahead on the regulatory front for the Federal Reserve, in particular the always-controversial Volcker rule?

During a speech this week at the Institute of International Bankers Annual Washington Conference, Vice Chairman for Supervision Randal Quarles detailed some of the Fed’s highly anticipated initiatives.

“In my estimation, [post-Crisis] reforms have gone a long way toward meeting our goal of a more resilient financial system. That said, we are now at a point, with ten years of experience in setting up and living with the body of post-crisis regulation, where it is both relevant and timely to examine the post-crisis reforms and identify what is working well and what can be improved,” Quarles said. “We should be looking to see where we could achieve our regulatory objectives in ways that maintain our measures' effectiveness, but improve their efficiency, transparency, and simplicity. As part of that effort, we will consider additional tailoring and...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.