House panels to examine effects of Volcker rule:

01/11/2012 | Hill, The · AmericanBanker.com (free registration)

Two House subcommittees plan to discuss the Volcker rule next week. "Despite claims from Dodd-Frank supporters that our foreign competitors would implement the same restrictions on proprietary trading, no other country has any plans to do so," said House Financial Services Committee Chairman Spencer Bachus, R-Ala. "Therefore, we run the grave risk of creating an unlevel playing field that disadvantages the U.S. economy at a time when unemployment remains stubbornly high."

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Hill, The · AmericanBanker.com (free registration)

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