Geithner says market-making likely will be OK under Volcker rule

02/27/2012 | Bloomberg · Reuters

Treasury Secretary Timothy Geithner says the Volcker rule, which would ban proprietary trading at major banks, likely will allow market-making. Mr. Geithner said he is confident that regulators will be able "to do what the law requires -- that as we are limiting the risk these large institutions pose to the world, could pose in the future -- we're preserving well-designed, carefully constructed exceptions for market-making hedging, as the law intended." Other finance officials from the Group of 20 nations also voiced optimism that the Volcker rule will be changed as U.S. officials consider concerns from foreign governments.

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Bloomberg · Reuters

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