10/12/2011

Regulators have revealed their proposed Volcker rule prohibiting proprietary trading at financial institutions. However, the complex proposal, which includes hundreds of questions for interested parties, is facing opposition from banks and consumer groups, although for different reasons. Scott Talbott, senior vice president of government affairs at The Financial Services Roundtable, said the proposed rule "raises more questions than it answers." Analysts have estimated the Volcker rule could cost major banks billions in annual revenue.

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