CNBC: Barclays’ CEO Staley Says Volcker Rule and Dodd-Frank Here to Stay

[kreslik.news]

Barclays CEO Jes Staley has revealed how his company has made adjustments in accordance with the various banking regulations in the United States, and that his peers in the sector need to get used to them, in an interview with CNBC at the World Economic Forum in Davos.

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Volker Rule

He told CNBC: “I think the Volcker rule is very clear, they want to move Wall Street from managing proprietary and trading desks to being agents and broker dealers for the broader capital markets.”

“Barclays has gotten there ... (read more)