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ARTICLE · 02 SEPTEMBER 2016

Representative Maloney Urges Regulators To Release Trading Metrics Collected Under Volcker Rule

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Representative Carolyn B. Maloney (D-NY) asked numerous federal regulators to provide an "update on the quantitative trading metrics that the agencies have been collecting" under the Volcker Rule.

United StatesFinance and Banking
Corporate And Securities Practice Group
Corporate And Securities Practice Group
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Representative Carolyn B. Maloney (D-NY) asked numerous federal regulators to provide an "update on the quantitative trading metrics that the agencies have been collecting" under the Volcker Rule. The federal agencies referred to by Representative Maloney include the Board of Governors of the Federal Reserve System, the FDIC, the CFTC, the Office of the Comptroller of the Currency and the SEC.

Representative Maloney explained that the Volcker rule requires banks with significant trading operations to report seven different quantitative trading metrics in order to "help the agencies identify trades that warrant further scrutiny in order to determine whether a bank has engaged in prohibited proprietary trading."

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