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Friday, January 13, 2012

HFS: Hearing on Volker Rule

The House Financial Services will hold a joint hearing to examine the effect of regulations that have been proposed to implement the Volcker Rule on markets, businesses, investors, and job creation on Wednesday, January 18th.

The Committee of Financial Services released a memo in preparation for the hearing noting the reasoning behind the Volcker Rule is not entirely clear to the committee and describing the confusion surrounding the rule. In addition, the memo also discussed the added compliance burdens and forgone revenues the financial industry would experience if the Volker Rule were implemented.

Read the memo.

View the witnesses for the planned hearing.

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