A group of 22 U.S. Senate lawmakers said Thursday that regulators should complete a ban on banks' trading activities this summer and rebuff calls from the banking industry for a delay.
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According to Dealreporter, via The Fly On The Wall, the White House's plan to limit banks prop trading, better known as the "Volcker Rule," will either be dropped in the Senate or significantly modified. This is according to lawmake... Read Post
On Thursday, the Commodity Futures Trading Commission held a public roundtable to solicit ideas from banks, academics and other experts on the contentious Volcker Rule, which seeks to ban banks from making risky bets with their own ... Read Post
Lawmakers on the Senate Banking Committee question the bank's primary regulators about how the trading blunder would affect the outcome of Wall Street regulation. Read Post