Government
Feb. 16, 2012
Regulators face barrage of commentary on Volcker rule
Government agencies have missed scores of statutory deadlines for regulations to enact the Dodd-Frank law's financial reforms, partially due to the strong pushback from the financial industry.
Daily Journal Staff Writer
WASHINGTON - Wall Street launched a last-minute barrage at the Volcker rule, the high-profile financial reform to bar banks from risky proprietary trading, before Monday's midnight deadline for public input on a proposal for regulations that were due nearly four months ago.
Bureaucrats from four government agencies will have to sift through the blizzard of commentary, including some 140 comments...
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