The allegations of fraud in the oil-for-food programme are being investigated separately by a commission headed by Paul Volcker, a former head of America's Federal Reserve.

ECONOMIST: Draw your own conclusions | The

It was produced at the request of the commission headed by Paul Volcker, a former chairman of the Federal Reserve Board, on the so-called dormant accounts in Swiss banks.

ECONOMIST: Victims of Nazism

The commission was overshadowed by the draconian measures Federal Reserve Chairman Paul Volcker was undertaking to wring inflation out of the economy.

FORBES: Reagan's Monetary History

The Volcker rule is being crafted by five regulators, including the Fed, the Securities and Exchange Commission and the Commodity Futures Trading Commission.

WSJ: EU Plans Complaint on 'Volcker Rule'