The inventory risk turnover metric, negative
presumption and foreign trades are problematic areas of the proposed Volcker Rule tipped to change in the
final rule, according to in-house and private practitioner
conversations with the drafting regulators.
Bankers’ counsel said that from speaking with
regulators and industry colleagues, the regulators genuinely
appear to recognise that the proposal must be simplified. The
removal of the negative presumption of prohibited trades and
honing down the...