“Treasury Secretary Timothy F. Geithner said he doesn’t think the Volcker rule ban on proprietary trading will present a “meaningful risk” to liquidity or credit availability in European countries.
“I don’t believe, that despite the concerns expressed by governments and central banks, the rule as drafted presents a meaningful risk to liquidity or credit in those countries,” Geithner told the House Financial Services Committee today. He said he’s confident U.S. regulators will find the “right balance” in implementing the rule.
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