{"id":41494,"date":"2013-12-11T03:18:22","date_gmt":"2013-12-11T03:18:22","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bloomberg_wall_street_faces_more_scrutiny_as_the_era_of_the_volcker_rule_be\/"},"modified":"2013-12-11T03:18:22","modified_gmt":"2013-12-11T03:18:22","slug":"bloomberg_wall_street_faces_more_scrutiny_as_the_era_of_the_volcker_rule_be","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=41494","title":{"rendered":"(Bloomberg) Wall Street faces more scrutiny as the era of the Volcker rule begins"},"content":{"rendered":"<p>Wall Street faces more intensive government scrutiny of trading after U.S. regulators issued what they billed as a strict Volcker rule today, imposing new curbs designed to prevent financial blowups while leaving many details to be worked out later.<\/p>\n<p>The Federal Reserve, Federal Deposit Insurance Corp. and three other agencies formally adopted the proprietary trading ban. The rule has been contested by JPMorgan Chase &#038; Co., Goldman Sachs Group Inc. and their industry allies for more than three years.<\/p>\n<p>Wall Street\u2019s lobbying efforts paid off in easing some provisions of the rule. Regulators granted a broader exemption for banks\u2019 market-making desks, on the condition that traders aren\u2019t paid in a way that rewards proprietary trading. The regulation also exempts some securities tied to foreign sovereign debt.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-12-10\/volcker-rule-eases-market-making-while-hedges-face-new-scrutiny.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street faces more intensive government scrutiny of trading after U.S. regulators issued what they billed as a strict Volcker rule today, imposing new curbs designed to prevent financial blowups while leaving many details to be worked out later. The<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=41494\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,595,592,149,168,114,151,599,585,596,34],"tags":[],"class_list":["post-41494","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-credit-markets","category-currency-markets","category-economy","category-ethics-moral-theology","category-law-legal-issues","category-politics-in-general","category-stock-market","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/41494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41494"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/41494\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}