EU Joins Growing Chorus Of Dismay Over Volcker Rule

Law360, New York (January 27, 2012, 4:14 PM EST) -- The European Commission will reportedly raise objections with the U.S. Secretary of the Treasury over proposed U.S. regulations to restrict major banks' proprietary trading activities, joining Japanese and Canadian regulators who have already complained about the rule.

Michel Barnier, the European internal market and services commissioner, has said he plans to voice objections to Treasury Secretary Timothy Geithner next month about the potential impact of the so-called Volcker Rule, a key part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Wall Street Journal...
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