By Victoria McGrane And Jon Hilsenrath The Federal Reserve has operated almost entirely behind closed doors as it rewrites the rule book governing the U.S. financial system, a stark contrast with its push for transparency in its interest-rate policies an

The comment period has closed on the “Volcker Rule,” that is, the Securities and Exchange Commission’s proposed rule implementing the Dodd-Frank Act’s mandate for curbs on the proprietary trading of commercial banks and their affiliates. From our point o

By Francesco Guerrera "If it doesn't fit, you must acquit."Wall Street's defense against regulatory efforts to ban some of its trading practices is reminiscent of Johnnie Cochran's famous rhyme about ill-fitting gloves in the O.J. Simpson trial. (Mr. Sim

This week, four years after the collapse of Bear Stearns, the two hedge fund managers who helped bring about its demise, Ralph Cioffi and Matthew Tannin, agreed to pay $1 million to settle a civil suit brought by the Securities and Exchange Commission. N

"I believe that the officers, and, especially, the directors, of corporations should be held personally responsible when any corporation breaks the law." For a while now I have been saying that the Volcker Rule is a bad idea. I share the respect and admi

NEW YORK — Regulators are confronting some 15,000 public letters trying to influence the final shape of one of the most controversial elements of the 2010 financial reform law. Five regulatory agencies have until July to complete a new rule that would ba

NEW YORK Regulators are confronting nearly 15,000 public letters attempting to influence the final shape of one of the most contentious elements of the 2010 financial reform bill. Five regulatory agencies have until July to complete a new rule that woul

Feb. 17 (Bloomberg) -- Former Federal Reserve chairman Paul Volcker met in person with U.S. Securities and Exchange Commission Chairman Mary Schapiro this week to discuss the proposed ban on proprietary trading named for him, according to a person famili

Ironically, as central bankers turned to inflation targeting, with short-term interest rates as their primary tool, the forces of globalisation were relentlessly striking at the roots of both: the entry of large economies into the global market for labou

The former US Federal Reserve Chairman, Paul Volcker, met in person with US Securities and Exchange Commission Chairman Mary Schapiro during the week to discuss the proposed ban on proprietary trading aka The Volker Rule, named for him. Mr. Volcker, 84 a

Former Federal Reserve chairman Paul Volcker met in person with U.S. Securities and Exchange Commission Chairman Mary Schapiro this week to discuss the proposed ban on proprietary trading named for him, according to a person familiar with the meeting. Vo

OTTAWA - A top U.S. economist is taking Bank of Canada's Mark Carney to task for his opposition to the so-called Volcker Rule designed to reduce risk-taking by American banks. In a strongly worded comment published Friday in the New York Times webpage, S

OTTAWA -- A top U.S. economist is taking Bank of Canada's Mark Carney to task for his opposition to the so-called Volcker Rule designed to reduce risk-taking by American banks. In a strongly worded comment published Friday in the New York Times webpage,

Could Sen. Scott Brown (R-Mass.) be showing new signs of life in the Massachusetts Senate race? A new poll from Suffolk University shows Brown regaining a nine-point lead on former Obama aide Elizabeth Warren — a marked shift from a steady stream of poll

What you need to know to navigate today’s most critical debates. The .0000063% Election (TomDispatch) Ari Berman writes that the 2012 election revolves around super PACs and the 196 donors who provide 80 percent of their money. In other words, the future

Feb. 16 (Bloomberg) -- A proposed U.S. ban on proprietary trading may limit liquidity and restrict bank market-making for clients, six Republican and Democratic senators told the Federal Reserve and other regulators. “The proposed rule, as drafted, could

Could even Paul Volcker draft a Volcker Rule? Team Obama and Democrats in Congress couldn't figure out how to turn his sensible idea—prohibiting banks from gambling with taxpayer money—into law. Now Mr. Volcker seems to be acknowledging that federal regu

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www.djreprints.co

Citigroup Inc. (C), the third-biggest U.S. bank by assets, will let managers of its hedge funds own part of the business ahead of rules that limit shareholders’ cash in the unit, Chief Operating Officer John Havens said. Employees in the Citi Capital Adv