October 23, 2014
This is the fourth article in an eight-part series.
Be careful what you wish for.
Banks are confronting the wisdom of this idiom as they face up to the enormous technological demands necessary to comply with the Volcker Rule. Their extensive lobbying against the rule helped them win numerous market-making, hedging and underwriting exceptions. Now risk managers and IT personnel are left struggling to deal with the rule’s significant granular data requirements…Read More