Volcker: Regulatory split creates ‘indecision and stalemate’

Former Federal Reserve chairman Paul Volcker

US legislators were wrong to retain a split in supervisory responsibilities between multiple agencies, and the resulting structure agreed in the Dodd-Frank Act is "a recipe for indecision, for neglect and for stalemate", says Paul Volcker, former chairman of the Federal Reserve.

Addressing the Economic Club of New York yesterday, Volcker criticised congressional leaders for failing to seize the opportunity to overhaul a regulatory framework that is currently split between six different

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: