Thursday's meeting announcements: Volcker rule under discussion

Thursday's meeting announcements: Volcker rule under discussion

December 04, 2013, 12:32 pm

By Julian Hattem

http://thehill.com/blogs/regwatch/other/192046-thursdays-meeting-announcements-volcker-rule-under-discussion

The controversial Volcker Rule, which limits banks’ trading ability, will be one of the many issues before federal agencies and advisory boards at meetings the next few weeks.

Here’s the agenda:

The Commodity Futures Trading Commission is meeting in Washington on Dec. 10, and will likely vote to approve a tough version of the so-called Volcker Rule, which limits banks’ ability to make bets with their proprietary funds. The Federal Deposit Insurance Corp. and the Federal Reserve are also meeting to consider the issue.

Volcker

Paul A. Volcker was the chairman for the Federal Reserve System, the president for the Federal Reserve Bank of New York, a lifetime trustee at the Aspen Institute (think tank), and is a member of the Council on Foreign Relations (think tank).

Note: Foundation to Promote Open Society was a funder for the Aspen Institute (think tank).

George Soros is the chairman for the Foundation to Promote Open Society, a member of the Council on Foreign Relations (think tank), and the founder & chairman for the Open Society Foundations.

Open Society Foundations was a funder for the American Constitution Society.

James H. Lambright is a member of the Council on Foreign Relations (think tank), and was the interim chief investment officer for the 2008-2010 financial bailout.

Federal Deposit Insurance Corporation handles takeovers & buyouts of failed banks for the 2008-2010 financial bailout.

Brooksley E. Born is a board of adviser’s member for the American Constitution Society, and was the chairman for the U.S. Commodity Futures Trading Commission.