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UK government highlights Volker concerns
08 February 2012
The UK government has written a letter to the Federal Reserve to voice concern over the impact of the Volker rule on the liquidity of global funding markets and non-US sovereign debt markets
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Volker Rule
George Osborne
Federal Reserve
Ben Bernanke
The UK’s chancellor of the exchequer, George Osborne, has written a letter to the US Federal Reserve chairman Ben Bernanke requesting active dialogue regarding the Volcker Rule and its implications for global financial markets.
Osborne’s first concern is the impact of proprietary trading restrictions on the liquidity of global funding markets and non-US...
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