Battle Over Timing of Volcker Rule Heads To SEC

Law360, New York (December 12, 2011, 4:46 PM EST) -- U.S. financial regulators are facing pressure over the controversial, bank-restricting Volcker Rule provision of the Dodd-Frank financial reform law, with advocates and opponents of the rule both sending letters to the U.S. Securities and Exchange Commission and other regulators in the last week regarding the timing of its implementation.

Republicans on the House Financial Services Committee, unenthusiastic about the new rule, which would prevent banks from making certain investments on their own behalf, sent a letter Wednesday to leaders of the SEC, the Federal Reserve Board,...
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