Volcker urges sweeping regulatory reform

April 20, 2015 3:52 PM

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Volcker urges sweeping regulatory reform

WASHINGTON (MarketWatch) — Former Federal Reserve Chairman Paul Volcker urged a massive overhaul of the financial regulatory oversight system on Monday, pressing for a simpler way to monitor markets and banks.

“We urge Congress, the administration, existing regulatory agencies, and financial institutions themselves to step up to the needed debate and set out an agreed framework for reform suitable for the 21st Century,” said Volcker, the founder and chairman of the Volcker Alliance, a nonpartisan, nonprof...

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