Author Bios


  • The Volcker Rule, part of the larger Dodd-Frank Financial Reform Act, is an attempt to bar banks from proprietary trading - or making trades for their own benefit - with customer funds. Many banks have pushed back against the proposed rule citing a threat to some of their most profitable activities. In response, the rule has ballooned to almost 300 pages of exemptions and loopholes. After initial fears that the lobbying would delay its completion, a target date of July 2012 has now been set.