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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Volcker Rule is, at its heart, a proposal by American economist and former Federal Reserve Chairman Paul Volcker to restrict banks from making certain speculative kinds of investments if they are not on behalf of their customers. Volcker has argued that such speculative activity played a key role in the financial crisis of 2007 2010. Volcker was earlier appointed by Obama as the chair of US President Barack Obama''s Economic Recovery Advisory Board, a board…mehr

Produktbeschreibung
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Volcker Rule is, at its heart, a proposal by American economist and former Federal Reserve Chairman Paul Volcker to restrict banks from making certain speculative kinds of investments if they are not on behalf of their customers. Volcker has argued that such speculative activity played a key role in the financial crisis of 2007 2010. Volcker was earlier appointed by Obama as the chair of US President Barack Obama''s Economic Recovery Advisory Board, a board created on February 6, 2009. The Volcker Rule was first publicly endorsed by President Obama on January 21, 2010. The proposal specifically prohibits a bank or institution that owns a bank from engaging in proprietary trading that isn''t at the behest of its clients, and from owning or investing in a hedge fund or private equity fund, as well as limiting the liabilities that the largest banks could hold.