by The Compliance Exchange on August 22, 2012
U.S. regulators plan to unveil a final version of the Volcker rule by the year-end, a Treasury official said, and banks will have to start complying with some parts of the rule soon after that.
The Volcker rule, which limits big banks’ ability to place market bets with their own money, is one of the most hotly debated elements of the 2010 Dodd-Frank financial reform law.
The Treasury Department is coordinating a group of five regulators writing the Volcker rule, whose implementation is now a month past its initial deadline.
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