Lew Says 'Tough' Volcker Rule Will Complement Other Reforms

Law360, New York (December 5, 2013, 1:26 PM EST) -- Treasury Secretary Jack Lew on Thursday said that a "tough" ban on proprietary trading that regulators are set to begin voting on next week will be a key part of a broad package of financial reforms that have brought to an end the era of "too-big-to-fail" banks.

In a wide-ranging speech at the Pew Charitable Trusts in Washington, D.C., Lew said that the reforms required by the Dodd-Frank Act, including the so-called Volcker Rule, increased capital standards for large banks and new powers to wind down...
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