The volcker alliance
2017 Annual report
the claim that Dodd-Frank had somehow gravely damaged the financial markets. He also urged policymakers to (1) preserve Dodd-Frank’s Orderly Liquidation Authority, emphasizing its importance as a weapon in the fight against taxpayer-funded bailouts, (2) maintain the Volcker Rule ban on proprietary trading and speculative hedge fund and private equity fund investments, (3) reduce regulatory burdens on “true” community banks, and (4) reorganize the highly fragmented regulatory framework.
Paul A. Volcker Delivers Speech at the Bretton Woods Committee Annual Meeting “A few years of greater stability should not mislead us. Relaxation of key reforms and the temptation to retreat inward into idiosyncratic domestic approaches needs to be resisted. Fragmented approaches toward what are inherently international markets and financial institutions would have costs in terms of fair competition, global market efficiency, and the ability to reach a concerted approach in the event of a serious future crisis.” —Paul A. Volcker, IMF headquarters, Washington, DC, April 19, 2017 Mr. Volcker’s remarks flowed into a question and answer session moderated by William Rhodes, a Volcker Alliance board member and president and CEO of William R. Rhodes Global Advisors, LLC, who raised important questions about the future of international cooperation in the shifting political setting. Later in the evening, Mr. Volcker was interviewed by Kathleen Hayes on Bloomberg Television, which aired the interview that evening in the United States and internationally, and throughout the following day. Mr. Volcker’s remarks also received coverage in the Financial Times, Bloomberg News, The Wall Street Journal Pro, Market Watch, and American Banker.
Paul A. Volcker and William Rhodes on stage at the 2017 Bretton Woods Committee Annual Meeting.
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