Editorial: Are we nearly there yet?

Author: | Published: 11 Dec 2013

With the big reveal - and approval - of the final Volcker Rule in December, Wall Street's anxious three-year wait for the centrepiece of US financial reform came to an end.

As IFLR goes to press, the market reaction to the Rule's final text is still forming. But one thing is certain. The implementation of arguably the most controversial aspect of the Dodd-Frank Act will mark a new era of tighter scrutiny of investment bank trading activities.

Even so, its success depends on the progress of other components of financial reform...