Although the fate of the Volcker Rule is far from certain as the House and Senate continue to hammer out their differences on the U.S. financial regulation overhaul, it appears that some banks are starting to deal with the notion that some form of the Volcker rule will become a reality.
As reported today by FINalternatives, banks are sounding less confident that the final financial regulation bill will allow them to continue to hold on to all of their alternative investment businesses. Please refer to the FINalternatives article for more on this story.
For a related Compliance Avenue post on this topic, please refer to “Volcker Rule May Survive“, which was posted earlier this week.