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Banks, Agencies Draw Battle Lines Over 'Volcker Rule'
The Wall Street Journal (online registration required): The "Volcker rule" post-fight has entered Round 1.
Just a day after the final rule was approved by U.S. regulators, banks and their law firms were busy figuring out how to comply with strict new guidelines on Wall Street firms' trading activities and how to mitigate any hit to profits. Meanwhile, regulators were on a collision course over who gets supremacy in enforcing the rule.
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