“I don’t think we should look at the shorter-term impact of some of these rules,” said Pandit. “The longer-term benefit to all of us [is] a safer system. People really trusting derivatives is a good thing.”
“The question on the Volcker Rule is a proprietary trading question, and that relates to should you take that capital away from what is necessary to make loans to corporations or help them with other capital commitments and put it for use for your own account as proprietary trade?
CNBC
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