Lawmakers seek to remedy Volcker Rule implementation issues

A bipartisan group of Senate lawmakers is backing a bill that would delay implementation of the Dodd-Frank Act's ban on banks' proprietary trading, also known as the Volcker Rule, until regulators complete work on rules implementing the provisions. Meanwhile, Dodd-Frank architect Rep. Barney Frank, D-Mass., is urging regulators to simplify their Volcker Rule proposal. Read on for the details.