"Volcker rule" sparks much speculation about banks' changes

08/10/2010 | Reuters

Industry observers continue to speculate about how Wall Street banks will deal with the "Volcker rule," which limits proprietary trading and private equity or hedge fund investments. Bank of America, Goldman Sachs and Morgan Stanley have made some moves, but it appears most banks won't need to make dramatic changes to comply with the rule. Companies "have time to adjust," said Mark Nuccio, a partner at Ropes & Gray. "I don't think there's any intention on behalf of the regulators to create economic dislocation at financial institutions."

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