gollum
 
Reply Sat 16 Mar, 2013 06:02 am
Does the Volcker Rule, as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act, cover all the operations of United States banks or only that conducted in the U.S.?
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Type: Question • Score: 0 • Views: 1,908 • Replies: 3
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Albionbruce
 
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Reply Mon 18 Mar, 2013 06:00 am
@gollum,
Hammering out a rule that bans risky bets at banks has proved so complex that the final version may not come until the second half of the year, much later than previously expected, according to people close to the talks.

For banks, the logjam among the five regulators working on the so-called Volcker rule means they will have less time to prepare before it takes effect next year. Since the Volcker rule was passed as part of the 2010 Dodd-Frank financial overhaul, banks already know the broad outlines of the rule, but they won't know the specifics until the regulators approve the final version.
addisonbrooke
 
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Reply Mon 18 Mar, 2013 06:57 am
@Albionbruce,
9ic i like ur post !
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gollum
 
  1  
Reply Mon 18 Mar, 2013 04:39 pm
@Albionbruce,
Thank you. But whether it covers a bank's non-U.S. operations is is a major point not a fine point.
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