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Future of the Volcker Rule After Dodd's Financial Reform Proposal at Banking Regulation Conference

Markets seem to be Skeptical of Declaring the Volcker Rule Dead; Further Debate at GoldenNetworking.com's Banking Leaders Forum 2010 in Washington DC on March 25th

FOR IMMEDIATE RELEASE

 
Connecticut Democratic Senator Christopher Dodd
Connecticut Democratic Senator Christopher Dodd
PRLog (Press Release) - Mar 20, 2010 -
GoldenNetworking.com's Banking Leaders Forum 2010, “Discerning the New Industry Landscape (If Possible)”, March 25th, the most up-to-date overview of the new regulatory and economic landscape for the financial services industry, with Keynote Speaker Honorable Eugene A. Ludwig, Founder and Chief Executive Officer of Promontory Financial Group, LLC, and former U.S. Comptroller of the Currency, will devote attention to the future of the Volcker rule, a version of which was introduced by Connecticut Democratic Senator Christopher Dodd earlier this week.

Reports The Wall Street Journal: "Judging from the reaction of the markets, investors are still wary about declarations that the Volcker Rule has been whacked. 'We're hearing the Volcker Rule, as specified by Dodd and his new banking reform bill that bans proprietary trading by banks, probably dead,' reported CNBC’s Steve Liesman. This would square with what our comrades over at Deal Journal were saying recently. Still shares of Goldman Sachs and Morgan Stanley aren't jumping much on the news. In fact, the two financials — expected to be most affected by the imposition of the Volcker rule — are getting outpaced by gains in regionals such as Zion, KeyCorp, Marshall & Ilsley, SunTrust and Huntington Bancshares."

Banking Leaders Forum 2010, "Discerning the New Industry Landscape", is produced by GoldenNetworking.com (http://www.goldennetworking.com), the premier community of business executives, entrepreneurs and investors, founded by former McKinsey consultant Edgar Perez. Upcoming Business Receptions and Leaders Forums include:

•   Real Estate Leaders Forum 2010, "Successfully Investing in Distressed Real Estate Assets" (http://www.RealEstateLeadersForum.com), April 22nd, 2010, New York City

•   Venture Capital Leaders Forum 2010, "Setting the Stage for Transformational Change" (http://www.VentureCapitalLeadersForum.com), May 13th, 2010, Boston, MA

Panelists, speakers and sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com. GoldenNetworking.com has been frequently featured in the press, including recent articles in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html) and Columbia Business School's Hermes Alumni Magazine, "10 Under 10" (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).

Photo:
http://www.prlog.org/10585114/1

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Source:GoldenNetworking.com
City/Town:New York City
State/Province:New York
Country:United States
Industry:Business, Banking, Finance
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Last Updated:Mar 20, 2010
Shortcut:http://prlog.org/10585114
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