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August 20, 2019

Ian Katz quoted in NY Times

"Banks Want Efficiency. Critics Warn of Backsliding" by Jeanna Smialek, Peter Eavis, and Emily Flitter


Ian Katz quoted in NY Times article, "Banks Want Efficiency. Critics Warn of Backsliding."

The article reads:

The Fed is also expected to soon approve changes to the Volcker Rule, which was ushered in after the crisis to limit banks’ investment activities. The revised rule, which must be approved by the Fed and four other financial regulators, could give banks more flexibility to invest in private equity and hedge funds and will probably be “helpful to the big banks, especially in terms of making compliance easier,” Ian Katz, an analyst with Capital Alpha, wrote in a note previewing the move. The Federal Deposit Insurance Corp. will discuss the proposal on Tuesday.

Full article can be found here: https://www.nytimes.com/2019/08/20/business/bank-regulation-federal-reserve.html