My weekly segment with Reuters Insider is about the recent news that Barclays Private Equity plans to spin out of its parent bank sometime this summer, and how the so-called Volcker Rule could cause other banks to shed their in-house PE units.
The anchor doesn’t ask me but, for the record, I generally oppose this provision (whether it be the current weak language or stronger Merkley-Levin amendment). We also don’t get into how the rule could eventually impact insurance company investments in private equity (time constraints and all), but it’s a feature to keep ours eyes on. Finally, I should have mentioned that all the proposed legislation has a lengthy phase-in period, so Goldman Sachs Capital Partners, Metalmark Capital, etc. will not be forced to spin out immediately.
Per usual, filming just inches away from an ancient washer/dryer set: