Chillin' out till it needs to be funded
Dodd Frank is still missing the final version of the Volcker rule, all the lobbying and a 173 page comment by SIFMA itself commenting on the improbable monitoring of banks warehousing risky investments and trading prorietarily esp in condition s when big losses come to a head on assessments made while ‘ market making’ etc..Of course the thing needs a careful study and you need the guidance, so stick around , grab a coffee and come back after lunch, supper or a good night’s sleep. ( Or catch me at office after you finish the morning commute if you are in London..i’m off for a break.
Update:The articles have already appeared yesterday as a research series. The regulatory marathon has many parts, the macro, the lobbying and the details: Part II lists the considered toll gates which effectively make the regulation impossible to enforce and fun to follow, hope they keep the info from insid eon how each trade was tested for everything: