Volcker Rule Risks Robbing Private Equity Of Players

Law360, New York (December 2, 2011, 7:08 PM EST) -- The Volcker Rule, central to the Dodd-Frank Wall Street Reform and Consumer Protection Act, seeks to curb risky proprietary trading by banks, but the limits could make it unfeasible for banks to operate in private equity — an industry that has treated them and their investors so well, attorneys say.

Slated to take effect in July 2012, the rule will bar banking entities from investing in hedge funds and private equity funds, forcing banks to divest hundreds of millions of dollars in assets. While the proposed...
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