Commentary: Volcker offers to-do list for regulatory reform

10/24/2011 | New York Times (tiered subscription model), The

Columnist Gretchen Morgenson outlines a recent speech by Paul Volcker, former chairman of the Federal Reserve. Volcker offered a list of persistent problems in the financial industry. For example, he said regulators need to make capital requirements tougher and enforceable, improve standardization and transparency of derivatives, and ensure independence of auditors. Volcker also discussed the dangers of financial institutions that are "too big to fail."

View Full Article in:

New York Times (tiered subscription model), The

Published in Briefs: