Crucial distinctions at stake as Volcker rule takes shape

12/3/2013 | (subscription required)

Regulators and dealers are at odds over elements in the Volcker rule as the legislation takes on its final form. At stake are -- depending on perspective -- various loopholes or essential freedoms as regulators ponder the differences among proprietary trading, market-making and hedging. Whatever the outcome, bank regulators are said to be prepared to take a pragmatic approach to eventual enforcement.

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