Volcker proposals deemed a positive, reasonable step

Author: John Crabb | Published: 5 Jun 2018

Proposals by the Federal Reserve Board to revamp the Volcker Rule go further than expected but have been largely well received as the agency looks to simplify and tailor application of the Rule without removing its protections too extensively.

"It is really a testament to the agency’s thoughtfulness that they absorbed the data and experiences they had from administering the Rule over the last two years, and took a critical view"

One commentator suggested that the proposals were far-reaching, but not as bad as they could have been. 

"The Volcker Rule is going to be opened up - the question isn’t whether it should opened up, that is a given fact, it is about how it is opened up and what comes out," they said. 

They added: "It's acceptable if there is a fair bit of simplification: certain aspects of this framework - like presumed compliance -...