Banks seek more time to comment on Volcker rule

12/1/2011 | Reuters

Industry groups sent a letter to U.S. regulators asking for more time to comment on the Volcker rule, which bans proprietary trading by major banks. "Our members are deeply concerned about the potential impact of the proposal on capital formation, markets and liquidity for a range of asset classes and on the safety and soundness of banking entities and the businesses in which they engage," according to the letter.

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