%0 Journal Article
%T Will restricting proprietary trading and stricter derivatives regulation make the US financial system more stable?
%A Jan Kregel
%J PSL Quarterly Review
%D 2011
%I Associazione Paolo Sylos Labini
%X Two of the major provisions of the Dodd©\Frank Wall Street Reform and Consumer Protection Act, passed into law on July 21 2010, aim to reduce speculation with financial institutions own funds using highly leveraged derivatives. The so©\called ˇ°Volcker ruleˇ± limits the ability to trade as principal in what is known as ˇ°proprietary tradingˇ± and the Lincoln Amendment or the ˇ°push outˇ± rule limits derivatives dealing for regulated, insured banks. A complement to the Lincoln amendment requires that all over the counter derivatives be cleared through official mechanisms and traded on regulated exchanges similar to those used for commodities.
%K financial regulation
%K naked CDS
%K Volcker Rule
%K Dodd©\Frank
%K Lincoln Amendment
%U http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9410/9305