Volcker Rule Deadline May Shift

Momentum builds to revise rule; group in Senate proposes bipartisan legislation.

Momentum in the U.S. Congress for revising the Volcker rule is building as a group of U.S. senators proposed bipartisan legislation that would delay the implementation date of the proprietary trading ban as regulators work on a revision.

A group of six U.S. senators proposed legislation today that would move implementation date from the July 21 date set by the Dodd-Frank Act and align it with regulators’ completion of detailed rules for the proprietary trading ban.

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