Final Volcker Rule Is Less Restrictive Than Was FearedMani
The final draft of the Volcker Rule released by the five regulatory agencies is not as bad as feared earlier, believes Citi.
Keith Horowitz and Christopher Larmoyeux of Citi point out the initial read of the Volcker rule is not going to limit proprietary trading in U.S. government, agency, state and municipal obligations. Further foreign government debt would also be excluded from the Volcker rule.
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