Business groups, foreign governments and other entities have voiced opposition to the proposed Volcker rule, which prohibits major banks from making risky trades with their own money. However, within the opposition, a split is starting to emerge over how the proposal should be changed as some want to give regulators more discretion, and others want "bright lines" distinguishing proprietary trades from market-making trades. See SIFMA's Volcker Rule Resource Center, including two recent studies on the impact of the proposed rule.

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