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The Dean Rusk Award 1983-1984: The Export Trading Company Act Of 1982: Theory And Application, Mark Grambergs
The Dean Rusk Award 1983-1984: The Export Trading Company Act Of 1982: Theory And Application, Mark Grambergs
Georgia Journal of International & Comparative Law
No abstract provided.
The Volcker Rule And Evolving Financial Markets, Charles K. Whitehead
The Volcker Rule And Evolving Financial Markets, Charles K. Whitehead
Charles K Whitehead
The Volcker Rule prohibits proprietary trading by banking entities - in effect, reintroducing to the financial markets a substantial portion of the Glass-Steagall Act’s static divide between banks and securities firms. This Article argues that the Glass-Steagall model is a fixture of the past - a financial Maginot Line within an evolving financial system. To be effective, new financial regulation must reflect new relationships in the marketplace. For the Volcker Rule, those relationships include a growing reliance by banks on new market participants to conduct traditional banking functions. Proprietary trading has moved to less-regulated businesses, in many cases, to hedge …