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It Would Be Great If Banks Could Start Complying With Financial Reforms Two Years From Now But No One Should Stress Themselves Out About It Or Anything

Wall Street banks will have two years to implement the so-called Volcker rule so long as they make a “good faith” effort to comply with the ban on proprietary trading, U.S. regulators said. Banks will get the “full two-year period” provided by the Dodd-Frank financial overhaul law to “conform” their activities and investments, the Federal Reserve and four other U.S. agencies said in a statement today. The Fed has the authority to extend the period of compliance beyond July 21, 2014, the regulators said. “A lot of sweating brows at big banks are a lot drier today,” said Karen Shaw Petrou, a managing partner at Federal Financial Analytics, a Washington research firm whose clients have included Wells Fargo [Bloomberg]

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3 Responses to “It Would Be Great If Banks Could Start Complying With Financial Reforms Two Years From Now But No One Should Stress Themselves Out About It Or Anything”

  1. guest says:

    wipes brow.

    -jd

  2. David Gallo says:

    Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions.

  3. VMZjp6 Thanks for the blog article.Really thank you! Keep writing.

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