Bloomberg News

Geithner Sees Concern on Volcker Rule Draft, Remains Confident

February 24, 2012

Feb. 24 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner said today that he sees “a lot of concern” about the Volcker rule proposal while he remains “very confident” about regulators meeting the requirements of the law.

“You’re going to see the Federal Reserve and the other agencies able to do what the law requires -- that as we are limiting the risk these large institutions pose to the world, could pose in the future, we’re preserving well-designed carefully constructed exceptions for market-making hedging as the law intended,” Geithner said in an interview on CBNC television.

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net


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