Banks could have 12 years to comply with the "Volcker rule"

06/29/2010 | Bloomberg

Citigroup, Goldman Sachs and other banks could have until 2022 to comply with the "Volcker rule," which would require financial institutions to reduce their stakes in their hedge funds and private-equity divisions. Giving financial institutions as long as 12 years to fully comply with the rule was a compromise in the regulatory-revamp legislation.

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