U.S. Treasury Secretary Jack Lew, speaking at a CNBC hedge fund Conference on Wednesday, said the "core elements" of the sweeping Dodd-Frank financial regulatory reform law will be implemented by year's end, roughly three years after the measure became law. Lew, in a prepared speech at the CNBC Institutional Investor Delivering Alpha Conference, said it is particularly important for regulators to implement a version of the so-called Volcker Rule that seeks to limit risky trading by banks that's consistent "with the intent of the statute" and President Barack Obama's vision. The Volcker Rule is named for its architect former Federal Reserve chairman Paul Volcker. Lew also said that once regulators are done implementing the rules required by Dodd-Frank, they must remain vigilant because the "sources of risk change." The Dodd-Frank legislation was enacted in response to the financial crisis that began in the summer of 2007. "Now when we finish this work, our regulatory
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