Rodgin Cohen Says New Volcker Rule Won't Be Watered Down

The video covers Randy Quarles' testimony on banking supervision, focusing on stress tests, transparency, and leverage. It discusses the Volcker Rule's impact on proprietary trading and the potential regulation of non-bank lenders. The video concludes with advice on risk management strategies for banks, emphasizing the current well-capitalized state of the US banking system.

What is the primary focus of Randy Quarles' testimony regarding banking supervision?

• Increasing capital ratios

• Enhancing transparency in stress tests

• Reducing interest rates

• Expanding bank operations

What distinction has the Federal Reserve made regarding banks?

• Between public and private banks

• Between globally significant banks and others

• Between large and small banks

• Between local and international banks

What is the current stance on the Volcker Rule according to the discussion?

• It is being ignored

• It is being expanded

• It is being simplified but not watered down

• It is being eliminated

Why is there no significant push to regulate non-bank lenders?

• They are not involved in financial markets

• They have a small market share

• They are already heavily regulated

• They are too large to regulate

What advice is given to banks regarding risk management?

• Ignore regulatory guidelines

• Take on more risk

• Reduce risk significantly

• Maintain current risk levels