Final Volcker Rule Will Be Simplified, Lawmakers Hear

Law360, New York (February 14, 2013, 5:59 PM EST) -- A top Federal Reserve official said that controversial proposals required by the Dodd-Frank Act governing bank capital and proprietary trading were likely to look significantly different in their final form, at a Senate Banking Committee hearing that also saw a star turn by one of the committee's newest members.

The hearing was a chance for financial regulators to give an update on the more than 400 rules required by Dodd-Frank, and Federal Reserve Governor Daniel K. Tarullo informed the committee that several key rules that have...
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