Customer Quote by Steve Mnuchin
“I support the Volcker rule, but there needs to be proper definitions around the Volcker rule so that banks can understand exactly what they can do and what they can't do, and that they can provide the necessary function of liquidity in customer markets.”
About This Quote
Source Speech: Testimony before US Senate Banking Committee, 2015
The Volcker rule must be clearly defined so banks know permissible activities while still providing market liquidity.
In simple terms: Clear rules let banks operate and keep markets liquid.
Key Takeaway
Define limits, maintain liquidity.
Themes
regulation
banking
liquidity
compliance
Mood
cautious
analytical
Type
policy
financial
When to use this quote
- bank policy drafting
- compliance training
- risk assessment
- liquidity planning
Key Concepts
financial stability
risk management
Questions to Reflect On
- How can regulators balance clarity with flexibility?
- What mechanisms ensure liquidity without rule‑breaking?
A Different Perspective
Over‑specific rules may stifle innovation or market function.
