Keep strong bank capital rules – Outgoing US Fed governor

WASHINGTON, D.C.: Federal Reserve Governor Daniel Tarullo, the central bank’s point man for banking regulation, called Tuesday for keeping “strong” capital rules in place but acknowledged the so-called Volcker rule may be too complex.

The remarks from Tarullo, 64, who is due to step down on Wednesday after eight years, come as the Trump administration prepares a major overhaul of financial regulation, including the 2010 Dodd-Frank financial reforms adopted after the financial crisis in 2008.