Banks’ Securities Trading

                  

Paul Volker, a former head of the Federal Reserve Bank has, in the past, suggested restriction of proprietary trading among banks or bank holding companies. But when pressed, he has had no firm idea of what really describes proprietary trading activity.

                       

There have already been regulatory restraints, much of which now have been fobbed off by banks to other entities. However, there is no real lessening of risk.

                       

It is difficult to delineate trading by banks for accounts and for themselves, as Mr, Volker knows from his experience. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)