Volcker Rule, Derivatives Delay Final Finance Bill

Law360, New York (June 24, 2010, 8:20 PM EDT) -- Congressional negotiators struck deals to set bank leverage ratios and increase fiduciary standards for broker-dealers, but protracted debates over limits on banks' proprietary trading and derivatives rules threatened to derail efforts to pass a merged financial regulatory reform bill by July 4.

Conference consideration of the Volcker rule and the derivatives titles has been delayed by prolonged behind-the-scenes battles among senators to hammer out their final offers on H.R. 4173, the Wall Street Reform and Consumer Protection Act, which U.S. House of Representatives Financial Services Committee...
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