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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

Volcker rule to be refined, not scrapped

Posted by RJ and Makay on Jan 23, 2012

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U.S. Regulators told lawmakers last week that they will adjust prohibitions on banks’ proprietary trading per Volcker rule restrictions, but will resist calls to altogether drop the measure that sprang from the Dodd-Frank Act. Federal Reserve Governor Daniel Tarullo, along with top officials from four other agencies, defended the rule at a House Financial Services joint subcommittee hearing in Washington.