12/6/2013

Treasury Secretary Jack Lew is coordinating regulatory efforts to move forward with the Volcker rule. "Rule writers will soon put forward a tough Volcker rule that I expect to be true to President Obama's vision and the statute's intent," Lew said. Industry experts, however, are urging regulators to ensure the rule doesn't hinder market making or risk hedging. Lew also says he won't allow trade agreements being negotiated between the U.S. and other jurisdictions to be used as a way to weaken financial regulation, including derivatives rules.

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