TITLE

A legend of finance still speaks large

AUTHOR(S)
Streeter, Bill
PUB. DATE
November 2008
SOURCE
ABA Banking Journal;Nov2008, Vol. 100 Issue 11, p60
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the views of Paul Volcker, the Federal Reserve chairman in 1979 and the chairman of the Regulatory Systems Working Group of the Group of Thirty as of November 2008, regarding the crisis in the banking system in the U.S. Volcker addressed the need for a regulatory or supervisory restructuring an noted the disjointedness between the markets and bank capital standards. Volcker believes that reforms in financial institutions must include the definition of class institutions and of the powers of the regulators.
ACCESSION #
35293251

Tags: VOLCKER, Paul;  CHAIRMAN of the board;  BANK capital;  STANDARDS;  FINANCIAL services industry;  FINANCIAL crises;  BANKING industry -- United States;  BOARD of Governors of the Federal Reserve System (U.S.)

 

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