Under the Volckerrule, Bankswillhavetwoyears to wind down proprietary trading afterregulatorswritedetailedrules on what constitutes proprietary trading, possiblythis year.
In the US, it may also derail attempts by banks to water down the post-crash prohibition on how they trade for their own benefit in the drafting of the detailed rules for the implementation of the so-called Volcker Rule.