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Spotting Prop Trades Easy, Says Volcker

Paul Volcker, President Barack Obama’s former economic adviser and author of the regulation that bears his name, said it is easier to identify speculative trading than banks believe, reports Reuters.

Paul Volcker, President Barack Obama’s former economic adviser and author of the regulation that bears his name, said it is easier to identify speculative trading than banks believe. "If there are big unhedged positions constantly, then it's proprietary trading," Volcker said in an interview. The Volcker rule would force banks to separate from their proprietary trading activity, a rule that firms such as Goldman Sachs are lobbying to weaken.

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