United States and United Kingdom Banking Standards

Former Federal Reserve Chair Paul Volcker testified before a joint British parliamentary committee on the differences between the United… read more

Former Federal Reserve Chair Paul Volcker testified before a joint British parliamentary committee on the differences between the United States and United Kingdom banking standards. He also covered the complexity of regulation, proprietary trading, “banking culture,” and the Volcker Rule, included in the Dodd-Frank 2010 financial regulations law, which restricts U.S. banks from making certain kinds of speculative investments that do not benefit their customers. He also said that a U.K. proposal to separate retail banks from investments banks was a good idea in theory but would likely be “permeable over time.” close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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United States and United Kingdom Banking Standards

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Program ID:
308884-1
Category:
International Telecasts
Format:
Foreign Legislature
Location:
London, United Kingdom
First Aired:
Oct 17, 2012
Last Aired:
Oct 24, 2012

Airing Details

  • Oct 17, 2012 | 9:08am EDT | C-SPAN 3
  • Oct 17, 2012 | 8:03pm EDT | C-SPAN 3
  • Oct 18, 2012 | 1:41am EDT | C-SPAN 3
  • Oct 18, 2012 | 6:18am EDT | C-SPAN 2
  • Oct 19, 2012 | 3:48pm EDT | C-SPAN 2
  • Oct 22, 2012 | 12:41am EDT | C-SPAN 1
  • Oct 23, 2012 | 10:51pm EDT | C-SPAN 3
  • Oct 24, 2012 | 4:27am EDT | C-SPAN 3