Volcker Rule's Next Stop: The Courtroom

Law360, New York (December 6, 2013, 6:48 PM EST) -- Though regulators are set to unveil the long-awaited Volcker Rule on Tuesday, banks will still have to brace for additional confusion over the ban on proprietary trading as industry groups gear up for an all but certain court challenge to the regulation.

Regulators released a proposal for the Dodd-Frank Act's prop trading ban in October 2011 that included over 300 questions and appeared in many ways to be as much a concept release as a proposed rule. Because of that, the banking industry had hoped that the...
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