Stronger Volcker Rule set for first quarter

Author: | Published: 24 Jan 2013

After flooding regulators with over 15,000 comment letters last year, the market was hoping for a more flexible Volcker Rule. All indications suggest that will not be the case.

Recent trading blunders – most notably the so-called London Whale losses at JP Morgan – and Democratic victories in November suggest the final proprietary trading ban will be at least as stringent as the proposal. The final rule is, however, expected to be crafted more clearly, so financial institutions will have...