Japanese Regulators Raise Volcker Rule Concerns

Law360, New York (January 12, 2012, 1:43 PM EST) -- Japanese financial regulators on Thursday were the latest to raise international concerns about implementation of proposed U.S. restrictions on banks' proprietary trading, saying such proposals could harm trading of Japanese government bonds and pose a threat to foreign-owned banks.

In a letter dated Dec. 28 but only released Thursday, the Bank of Japan and the country's Financial Services Agency said that the Volcker Rule, a key part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, could make it more difficult for banks to...
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