Wolters Kluwer: Lawyers, compliance officers, doctors and shrinks – the Volcker Rule works its way through the Asia-Pacific

The governor of the Bank of Japan is worried. Senior figures in the Asia-Pacific branch of the International Capital Markets Association are worried. And no less than 11 governors of the most important central banks in the Asia-Pacific region including Australia are worried.

The object of their concern? It’s the Volcker Rule, that most challenging element of America’s Dodd Frank financial-sector reforms that ban banks from proprietary trading.

Bank of Japan governor Haruhiko Kuroda

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