Probable Volcker Hedging Requirement to Tax Trade Capture Processes, IT
The rule's three pillars-distinguishing between proprietary trading and market making, procedures for divestiture of covered funds, and the requirements to qualify for a hedging exemption-are well-defined, and many expect the quintet of regulatory agencies involved to agree and publish further changes by December 10, perhaps signaling a final significant move for Commodity Futures and Trading Commission (CFTC) chairman Gary Gensler before he steps down.
Still, the third pillar-which is rumored
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