U.S. Regulators Extend Volcker Rule Comment Period

U.S. regulators are expected to extend the comment period for the Volcker rule, which bans banks from trading with their own funds, Reuters reported Friday. Both congressional Republicans and bank lobbying groups have been asking regulators to provide more time for comments on a proposed rule that was released in October, Reuters wrote. Under the 2010 Dodd-Frank financial oversight law, enacted in response to the 2007-2009 financial crisis, the Volcker rule is supposed to go into effect in July 2012.

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