9/30/2013

The 50 economists at the Securities and Exchange Commission are analyzing the costs and benefits of the Volcker rule, a piece of the Dodd-Frank Act that remains to be implemented. Agencies responsible for writing the rule face pressure from President Barack Obama and Treasury Secretary Jack Lew, who want the rule ready by the year's end. Lew has set up a series of deadlines to ensure that the target is met, sources say. Financial groups are expected to closely scrutinize the cost-benefit analysis.

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