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Friday, Mar 9
2012, 11:27 AM
Robert Rubin tells Bloomberg the Volcker rule could stop big institutions from providing...
Robert Rubin tells Bloomberg the Volcker rule could stop big institutions from providing liquidity to the market if it’s not implemented well. While regulators need to allow “large-scale intermediation” for markets to function properly, he says, they will struggle to define the difference between market-making and proprietary trading.