Volcker 2.0 Said Likely to Be Reproposed by Regulators

The transcript discusses the criticism of the Volcker Rule, particularly from banks struggling with compliance. Trump-appointed regulators aimed to clarify the rule, but banks found the new proposal more restrictive. The process of rewriting the rule involves input from banks, raising questions about influence. The outcome remains uncertain, especially with potential political changes affecting the rule's future.

What was one of the main issues banks faced with the original Volcker Rule?

• Understanding what constitutes a banned trade

• Too many allowed trades

• Excessive government support

• Lack of compliance departments

What is the general sentiment of banks towards the proposed changes to the Volcker Rule?

• They are indifferent to the changes

• They are satisfied with the changes

• They believe it will allow more trades

• They think it will ban more trades

Who is primarily responsible for rewriting the Volcker Rule?

• International regulators

• The Federal Reserve with industry input

• The banks themselves

• The White House

How might banks influence the rewriting process of the Volcker Rule?

• By lobbying international bodies

• By reducing their trade volumes

• Through extensive comment letters and meetings

• By hiring more compliance officers

What is a potential consequence for the banking sector if Elizabeth Warren becomes President?

• Complete removal of the Volcker Rule

• A stronger Volcker Rule

• A weaker Volcker Rule

• No change to the Volcker Rule