Banking Partner Discusses Final Volcker Rule in Reuters
Banking partner Mark Nuccio
was quoted in a Dec. 10 Reuters
article, republished in the Chicago Tribune
, discussing the recently adopted final Volcker rule, which will clarify the definition of a hedge or private equity fund under the provision restricting banks from taking an ownership stake in those funds. In the article, Mr. Nuccio notes, “There were some successful efforts to deal with some unintended overreaching aspects of the proposed regulation."