Volcker threat increases
Nicholas Pettifer |
May 28, 2010
Despite derivatives reform being the primary cause for debate, the private equity industry is concerned about the impact of the Senate bill.“When the Volcker rule first emerged, people dismissed it a little. But it increasingly looks like it is going to happen. It will be costly for the banks to disentangle the relationships,” said a private equity partner in New York.In January, many felt the Volcker rule was a statement of intent that would be amended and softened because private equity was not the...
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