Proprietary Trading Creates Bank Risk?

Paul Volker, a former head of the Federal Reserve Bank and now advisor to president Obama, has wanted to restrict proprietary trading among banks or bank holding companies. But when pressed he has had no idea as to what really describes proprietary trading activity.

There have already been regulatory restraint on the activity, much of which have been ridden off by banks to other entities. However, there is no real lessoning of risk as a result. It's difficult to delineate trading by banks for accounts and for themselves in many instances, as Mr, Volker knows from his experience.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole tweets.)