Volcker Rule Summary Text & Legislative Language
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For our MBA readers and lawyers here’s the legislative text sent to the Hill regarding the Volcker Rule. The question we ask ourselves – between this release and the current CFPA debate going on – does this make finance reform more or less likely to pass this year?
Meanwhile, here’s the summary of the “Volcker Rule Released 3 3 10” that has been passed around to journalists in DC. We suggest the Wall Street Journal’s Damian Paletta’s cogent write.
WHY YOU CARE: This expands into the area of non-banks – AND – it now touches on the ability for financial firms to grow. Both of those are beyond the initial headlines.
