July deadline in question for Volcker implementation

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Dwight Smith of Morrison & Foerster

Doubt is growing over whether the US Volcker rule will be implemented on schedule in July. An extension of 30 days to the comment period has left the industry questioning when it can expect to see the controversial regulation appear.

"I suspect they're going to want to get a final regulation out some time this year, and I think there will be components that will be required to go into effect immediately," says Howie Margolin, a partner in KPMG's US advisory practice in New York. "In general, I l