Volcker rule in play as Congress takes evidence

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By Sam Kerr
30 Mar 2017

Congressional Republicans started their attack on the Volcker Rule on Wednesday, with a fiery hearing on how the rule had damaged market liquidity and hurt companies' ability to raise capital.

The House Financial Services Committee's subcommittee on capital markets, securities and investment heard from witnesses on Wednesday, including Stifel boss Ronald Kruszewski, speaking for Sifma, who argued the rule should be repealed.

Other witnesses at the hearing included the US Chamber of Commerce’s capital markets competitiveness executive vice president ...

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