It seems like soon there will be no proprietary trading. It appears likely that some form of “activities” restrictions will part of the future for financial institutions. Maybe not the full Volcker Rule limitations, but restrictions nonetheless. There are various possible permutations of the proposed activities restrictions to choose from – the original (Volcker Rule), the Obama administration’s proposal, the activities restrictions included in the Wall Street Reform and Consumer Protection Act, or House bill (HR 4173), and now the version included in the new bill proposed by Senator Dodd.
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