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October 6, 2011

Proposed Volcker Rule Leaked to Lobbyists

The American Banker obtained a “Confidential Staff Draft as of September 30, 2011” of the FDIC proposed Volcker Rule days before it is to be voted on by the FDIC.  Given how they obtained it before it was made available to the public and what are reported to be the many loopholes in the rule, the article is appropriately entitled “Cheat Sheet: Details of the Long-Awaited Volcker Rule.” 

The 205 page draft is here

Ben Protess from NYT Dealbook article is here

Here’s Dave Clarke’s Reuters take

 
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