Industry experts are still leery of Volcker rule

04/11/2013 | Risk.net (subscription required)

Experts remain concerned about the damage that the Volcker rule could do to the banking system and the economy, despite a delay in implementation. "There is a very large concern -- albeit not publicly stated -- that this could significantly hurt the banking system in the U.S.," said Peter Bible, chief risk officer of EisnerAmper. "I think that is the reason for the delay we are seeing. Right now, it is out to 2014, and I think a lot of people are hoping it gets pushed out beyond that."

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