“Volcker Rule Attacked as Lawmakers Seek Fund Loophole”
“Senate negotiators will probably offer changes today to the financial overhaul bill to soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients.
The compromise, designed to win the support of at least three Republican senators, comes as lawmakers struggle to reach agreement on financial reform this week. To appease Democrats in favor of stronger regulation, negotiators also plan to make it harder for regulators to undermine the rule, according to lobbyists and congressional aides involved in the discussions.” Read more.
Yalman Onaran
Bloomberg Businessweek, June 23, 2010.
Image by Simon Howden / FreeDigitalPhotos.net.
