Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable?
Two of the major provisions of the Dodd‐Frank Wall Street Reform and Consumer Protection Act, passed into law on July 21 2010, aim to reduce speculation with financial institutions own funds using highly leveraged derivatives. The so‐called “Volcker rule” limits the ability to trade as principal in...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2011-01-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9410/9305 |
| _version_ | 1818904881498423296 |
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| author | Jan Kregel |
| author_facet | Jan Kregel |
| author_sort | Jan Kregel |
| collection | DOAJ |
| description | Two of the major provisions of the Dodd‐Frank Wall Street Reform and Consumer Protection Act, passed into law on July 21 2010, aim to reduce speculation with financial institutions own funds using highly leveraged derivatives. The so‐called “Volcker rule” limits the ability to trade as principal in what is known as “proprietary trading” and the Lincoln Amendment or the “push out” rule limits derivatives dealing for regulated, insured banks. A complement to the Lincoln amendment requires that all over the counter derivatives be cleared through official mechanisms and traded on regulated exchanges similar to those used for commodities. |
| first_indexed | 2024-12-19T21:14:29Z |
| format | Article |
| id | doaj.art-89bfab589b79412ebbefbf6e54bdc3c6 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-12-19T21:14:29Z |
| publishDate | 2011-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-89bfab589b79412ebbefbf6e54bdc3c62022-12-21T20:05:23ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432011-01-0164258227247Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable?Jan KregelTwo of the major provisions of the Dodd‐Frank Wall Street Reform and Consumer Protection Act, passed into law on July 21 2010, aim to reduce speculation with financial institutions own funds using highly leveraged derivatives. The so‐called “Volcker rule” limits the ability to trade as principal in what is known as “proprietary trading” and the Lincoln Amendment or the “push out” rule limits derivatives dealing for regulated, insured banks. A complement to the Lincoln amendment requires that all over the counter derivatives be cleared through official mechanisms and traded on regulated exchanges similar to those used for commodities.http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9410/9305financial regulationnaked CDSVolcker RuleDodd‐FrankLincoln Amendment |
| spellingShingle | Jan Kregel Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable? PSL Quarterly Review financial regulation naked CDS Volcker Rule Dodd‐Frank Lincoln Amendment |
| title | Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable? |
| title_full | Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable? |
| title_fullStr | Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable? |
| title_full_unstemmed | Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable? |
| title_short | Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable? |
| title_sort | will restricting proprietary trading and stricter derivatives regulation make the us financial system more stable |
| topic | financial regulation naked CDS Volcker Rule Dodd‐Frank Lincoln Amendment |
| url | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9410/9305 |
| work_keys_str_mv | AT jankregel willrestrictingproprietarytradingandstricterderivativesregulationmaketheusfinancialsystemmorestable |