5. Volcker's Rule
It is surely inappropriate that [proprietary trading] activities be carried out by institutions benefiting from taxpayer support, current or potential. Proprietary trading is not a necessary ingredient of bank profits.
— Paul A. Volcker told the Senate Banking Committee, as he defended the rule that bears his name
Source: NY Times Dealbook
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio