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Mnuchin's new comments add evidence to attempt at Volcker tweak

In written remarks to lawmakers, he has said that banking units lacking a government backstop should be restricted from making speculative trades
Monday, January 30, 2017 - 05:50

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Mr Mnuchin is on record saying that he has problems with the Volcker rule, and has stated at his confirmation hearing earlier this month that he thought that it should be simpler and that it has gone too far in restricting market liquidity.

Washington

STEVEN Mnuchin made clear that he does not want Wall Street banks getting back into the business of making risky market bets with their own capital, after Senate Democrats pushed him to clarify his responses to questions that they asked during his confirmation process to be

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