Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Hintz Says Volcker Rule May Hit Managing Directors: Tom Keene

Financial industry managing directors may bear the brunt of pay cuts and job losses as firms reduce trading operations to comply with the Volcker rule, said Brad Hintz, an analyst at Sanford C. Bernstein & Co.

“It’s going to disproportionately fall on the managing directors. They get a disproportionate amount of the compensation,” Hintz said today in a Bloomberg television interview on “Surveillance Midday” with Tom Keene. “The Volcker regulations as they came out fundamentally kill the corporate bond market as it currently exists within the United States.”

The rule that would bar banks from trading for their own accounts may spark reductions among fixed-income trading operations, hurt corporate bond issuance and restrict liquidity to mutual funds as banks pull back their risk-taking activities, said Hintz, who previously worked at Lehman Brothers Holdings Inc. and Morgan Stanley.

The Volcker rule, named for former Federal Reserve Chairman Paul Volcker, is intended to reduce the chance that banks will make risky investments with their own capital that put their deposits at risk. The provision was part of the Dodd-Frank financial overhaul enacted last year, and policy makers are drafting regulations to enforce it.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.