Three Volcker Rules won’t cut it, Reps. Bachus, Hensarling say

The Republican leaders of the U.S. House Financial Services Committee asked regulators working to implement Dodd-Frank’s ban on banks’ proprietary trading, commonly known as the Volcker Rule, to issue one final rule as opposed to multiple rules. They also called on the agencies to give industry participants two years to comply with the rule’s requirements once they are finalized.