12/13/2013 04:54 pm ET

The Volcker Rule: Wins, Losses And Toss-Ups

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After three years, multiple missed deadlines, and at least 111 meetings between regulators and Wall Street groups (versus only twelve meetings with pro-reform groups), we finally have a final version of the Volcker Rule—and if properly enforced, it will change the business of banking for the better.

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