Regulators May Hedge Bets On Volcker Rule Enforcement

Law360, New York (December 10, 2013, 7:55 PM EST) -- Federal regulators tasked with enforcing the Volcker Rule ban on proprietary trading must strike a delicate balance, attorneys say, punishing egregious violations while understanding the transition to a new era of Wall Street oversight won’t be seamless.

Five U.S. agencies voted Tuesday to approve the Volcker Rule, which aims to prohibit banks from making potentially catastrophic wagers with their own money. The compliance deadline for the final rule is July 2015, though banks with significant trading assets and liabilities must begin reporting key data to regulators...
To view the full article, register now.