The Bipartisan Policy Center—a Washington D.C. based think tank founded by former Senate majority leaders Howard Baker, Tom Daschle, Bob Dole and George Mitchell—has sent a letter to the Treasury Department and the five federal financial regulators, calling for “one consistent Volcker Rule” and a new public comment period for proposed regulations.
The letter crafted by it’s Financial Regulatory Reform Initiative’s working group on Capital Markets and the Volcker Rule, delivered on Thursday, was prompted by recent statements by senior officials at the Securities and Exchange Commission and Commodity Futures Trading Commission that they could adopt regulations different from those that the Federal Reserve, Federal Deposit Insurance Corporation, and the Comptroller of the Currency have proposed.
