Banks Need Volcker Rule Road Map, Top Wall St. Atty Says

Law360, New York (January 15, 2014, 8:58 PM EST) -- The five U.S. regulators responsible for the Volcker Rule have yet to reveal how they will coordinate their interpretation and enforcement of the proprietary trading ban, and those questions need to be answered soon, according to H. Rodgin Cohen, senior chairman of Sullivan & Cromwell LLP and the de facto dean of the banking bar.

Since the regulators released final implementing rules for the Dodd-Frank Act's ban on proprietary trading just over a month ago, they have given little indication about how they will jointly interpret...
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