HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » NYT on Volker Rule: looph...

Wed Dec 11, 2013, 03:55 PM

NYT on Volker Rule: loopholes, I don't understand

Peter Eavis's article in the NYT on the Volker Rule contains many interesting bits about the loopholes available to banks.

I don't know anything about banking, but one quote from a director at Deloitte & Touche is about whether banks should be making trades for themselves as well as customers.

The director seems to be saying that the banks don't have an easy way to separate their trades from customers. Here's the quote.


"You could have a trading blotter that contains thousands of trades a day, and figuring out what goes with what could be difficult."


Does this mean that presently banks put everybody's trades in a pot and then allocates what they "think" is the right amounts to all?

Please explain.

thanks.

2 replies, 886 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply NYT on Volker Rule: loopholes, I don't understand (Original post)
cheyanne Dec 2013 OP
pscot Dec 2013 #1
elleng Dec 2013 #2

Response to cheyanne (Original post)

Wed Dec 11, 2013, 04:05 PM

1. I thought that was the problem with Hillary's cattle

futures windfall back in the day. Profitable trades were allocated (steered? ) to her account. Some animals are more equal than others, it would seem.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cheyanne (Original post)

Wed Dec 11, 2013, 05:23 PM

2. Sounds like it.

Can you link to the article?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread