¿Volcker Rule¿: Proposals to Limit ¿Speculative¿ Proprietary Trading by Banks

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DIANE Publishing, 2011 - Bank failures - 57 pages
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This is a print on demand edition of a hard to find publication. The Securities Act of 1933 and the Glass-Steagall Act prohibited commercial banks from underwriting and dealing in securities. One of the benefits of being a bank, and thus being subject to more extensive regulation, is access to what is referred to as the ¿federal safety net,¿ which includes the FDIC deposit insurance, the Fed. Reserve¿s discount window lending facility, and the Fed. Reserve¿s payment system. There have been calls to reexamine the activities that should be permissible for commercial banks. This report discusses the permissible proprietary trading activities of commercial banks and their subsidiaries under current law. It then analyzes the Volcker Rule proposals under the House- and Senate-passed financial reform bills. Illustrations.

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