answersLogoWhite

0

The Volcker Rule is a financial regulation that was implemented as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. Named after former Federal Reserve Chairman Paul Volcker, it aims to prevent excessive risk-taking by banks by prohibiting them from engaging in proprietary trading and limiting their investments in hedge funds and private equity funds. The rule seeks to enhance financial stability by ensuring that banks focus on traditional lending activities rather than speculative trading.

User Avatar

AnswerBot

2w ago

What else can I help you with?

Related Questions

What is the birth name of Paul Volcker?

Paul Volcker's birth name is Paul Adolph Volcker.


What is Paul Volcker's birthday?

Paul Volcker was born on September 5, 1927.


When was Paul Volcker born?

Paul Volcker was born on September 5, 1927.


How old is Paul Volcker?

Paul Volcker is 89 years old (birthdate: September 5, 1927).


How tall is Paul volcker?

6'7"


Who was Reagan's first term secretary of treasury?

Paul Volcker


In what year did Paul Volcker retire?

Paul Volcker was a respected economist. Before he passed away in February 2011, he served President Barack Obama as Chairman of the Economic Recovery Advisory Board until January 2011.


What is Paul A Volcker's address or email address?

WikiAnswers does not give out personal information such as home or email addresses.


Is Paul Volcker Jewish?

No, he is not Jewish. He was born in 1927 to in Cape May, New Jersey, at the very southern tip of the state, but he grew up in Teaneck, NJ. Mr. Volcker attended Princeton University, Harvard, and the London School of Economics. He served as Chairman of the Federal Reserve Board under Presidents Carter and Reagan. More recently, he has been Chairman of the Economic Recovery Advisory Board under President Obama. Volcker attended a Lutheran church and his father was Episcopalian.


Inflation was reduced gradually during the Reagan administration because of the efforts of what federal reserve chairman?

paul volcker


What action by President Jimmy Carter helped to solve the problem of inflation?

The appointment of Paul Volcker to the Federal Reserve Board


Who is Paul Volcker and what does he do?

he��was��on��the��Federal��Reserve.����he��was��also��Chairperson of the President's Economic Recovery Advisory Boar��until��Februrary��of��2011.����Basically��he��is��a��prestigious��economist.