For a while now I have been saying that the Volcker Rule is a bad idea. I share the respect and admiration we all have for its namesake, former Fed Chairman and full-time public citizen Paul Volcker. But Volcker has never been a hawk on bank...

Five regulatory agencies have until July to complete a new rule that would ban proprietary trading at Wall Street firms, a move that some believe would make the U.S. financial system safer. The rule, named after former Federal Reserve Chairman Paul...

Five regulatory agencies have until July to complete a new rule that would ban proprietary trading at Wall Street firms, a move that some believe would make the U.S. financial system safer. The rule named after former Federal Reserve Chairman Paul...

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 familiar...

Notable in this regard is of course Paul Volcker, who slew the dragon of inflation. In India, there was C Rangarajan, who did much the same thing, and Y V Reddy who explicitly targeted asset prices when it was unfashionable, indeed heretical, to do so.

Mr. Volcker, 84 anni, is an advocate for the ban, which he asserts would curb the kind of “risky” trading that contributed in part to the Y 2008 financial crisis. “Proprietary trading of financial instruments, essentially speculative in nature, engaged...