Volcker rule start date could be delayed
Final rule could provide blanket relief of up to 12 months, says source
The introduction of the Volcker rule ban on proprietary trading could be delayed, Risk has learned – a result of the long hold-up in the rule-making process – with one source speculating it may not take effect until as late as July 2015.
The source, who spoke on condition of anonymity, revealed staff at one of the five agencies charged with writing the rule have said in recent meetings the prohibition could be pushed back.
"The regulator was very reluctant to talk about the Volcker rule in any
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