Posted by Pin-Yu Liao
Banks that are big enough to destabilize markets should be subjected to tighter regulatory oversight, and some rules ought to be internationally agreed, White House economic adviser Paul Volcker said Thursday.
In remarks prepared for delivery to the congressional Joint Economic Committee, Volcker said "substantial changes" were needed in oversight of financial firms.
In remarks prepared for delivery to the congressional Joint Economic Committee, Volcker said "substantial changes" were needed in oversight of financial firms.
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