Barney Frank, one of the architects of the Dodd-Frank Act, called Friday for both stringent standards and lenient enforcement around the financial reform law's much-watched Volcker Rule.

The provision, once finalized, "will be tougher than many of the people in this room would like to see, but I do not think it will interfere with the function of the economy," said Frank, the former chairman of the House Financial Services Committee, who retired from Congress last year.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access