Risk News

5/3/2012
Progress Is Seen in Advancing a Final Volcker Rule
Ben Protess and Peter Eavis, New York TImes , New York Times

"A major new rule that has drawn the ire of Wall Street is on track for completion sooner than some bankers had expected, dashing the hopes of financial industry lobbyists, who have pressed for a delay."

Annie's take:

It appears that the financial sector has not been able to slow down the July deadline for regulators to have completed writing a final version of the Volcker Rule, despite a meeting yesterday at the Federal Reserve in New York.