Even a twice-revised Volcker Rule is apparently not bank-friendly enough for the rule’s critics.
A coalition of self-described free-market groups is among those urging regulators to reconsider their efforts to revise the rule. The coalition’s letter, signed by 13 groups and made public this week, asks that recently proposed revisions be further reconsidered to exclude banks with $10 billion or less in total consolidated asset and banks of all sizes that engage in limited asset trading.
