When will all the details of the much-debated Volcker Rule, which bans proprietary trading by banks, be set?
FDIC Acting Chairman Martin Gruenberg is aiming for yeared. "That's the intention — to try to get it done," he said.
He made this statement at American Banker's Regulatory Symposium in Washington, following a speech, in which he talked about a number of topics, including the possible extension of the Transaction Guarantee Program, Basel III capital standards and other concerns pertaining to community banks, reports Joe Adler.
For the full piece see "Regulators Plan to Finish Volcker Rule by Yearend: Gruenberg" (may require subscription).