U.S. securities regulators are “optimistic” that they will be able to vote before the end of the year on a final Volcker rule to ban proprietary trading by banks, Securities and Exchange Commission Chair Mary Jo White said Tuesday.
The SEC is one of five regulators coordinating the drafting of the final Volcker rule. The three banking regulators involved are tentatively planning to vote as early as next week.
“If one or more of the other regulators have set Dec. 10, I would expect us to act on or about that date,” White told reporters on the sidelines of a corporate governance conference at SEC headquarters.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.