Tyler Gellasch '03 | Back to Banking: Moving Past the Volcker Rule

November 29, 2016

The era of "too big to fail" banks is far from over. Eight years after the financial crisis, banks are bigger and more complex. One critical post-crisis effort to reduce banks' risks was the adoption of the Volcker Rule, which prohibits banks from proprietary trading and owning significant interests in funds. But many policymakers and members of the public want more to be done, with some even calling for banks to be broken up. Tyler Gellasch '03, who was primary author of the Volcker Rule and a former senior aide in the Senate and SEC discusses various ways to regulate large banks and shares insights on what's working and what isn't. Gellasch is currently the executive director of the Healthy Markets Association. Sponsored by the Global Financial Markets Center.