Mnuchin Blames Volcker Rule, High-Speed Trading for Volatility
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Steven Mnuchin speaks during an interview in Washington, D.C., on Dec. 18.
Photographer: Al Drago/BloombergThis article is for subscribers only.
U.S. Treasury Secretary Steven Mnuchin blamed volatility in equity markets partly on high-speed trading and the effect of the Volcker Rule, adding that he planned to conduct an inter-agency review of market structure.
“Over a longer period of time the market reflects various different economic components but a normal trading day now is a 500-point range. A lot of that has to do with market structure, and that’s something we’re going to take a look at,” Mnuchin said in a roundtable interview Tuesday at Bloomberg’s Washington office.