Volcker Rule Quotes

The reality is that what we did in 2010 with the Dodd-Frank wasn't enough.

To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.

I support the Volcker rule, but there needs to be proper definitions around the Volcker rule so that banks can understand exactly what they can do and what they can't do, and that they can provide the necessary function of liquidity in customer markets.

The basic architecture of Dodd-Frank makes sense. At the same time, as a number of regulators and legislators have observed, the act was a complex effort that produced thousands of pages of rules.

Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.

There are elements of Dodd-Frank that clearly need to be curtailed.

I would say the No. 1 problem with the Volcker Rule is it's too complicated, and people don't know how to interpret it.

I liked the so-called Volcker Rule. I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal Act. I would have brought back Glass-Steagal.