CFTC considers tightening exemptions to Volcker rule

05/31/2012 | Bloomberg

The Commodity Futures Trading Commission is looking into tightening exemptions to the Volcker rule, after JPMorgan Chase announced that it lost money trading credit derivatives. "We're entrusted by Congress to figure out how to prohibit proprietary trading so taxpayers don't stand behind these institutions, but permit market making, which is important to markets, and permit hedging, which helps lower risks of the institutions," said CFTC Chairman Gary Gensler.

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