More tension surfaces regarding proposed "Volcker rule"

06/8/2010 | Reuters

Debate about a proposal to ban proprietary trading at some financial institutions is intensifying as lawmakers strive to craft a final version of legislation to overhaul financial regulation. Paul Volcker, an economic adviser to the White House and the main man behind the proposal, has expressed opposition to exemptions to the rule requested by banks. Meanwhile, some Senate Democrats are trying to make the rule stricter by giving regulators less latitude in implementing the rule.

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