CFTC will publish its own Volcker rule language, says Sommers

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The Commodity Futures Trading Commission (CFTC) will publish its own version of the Volcker rule for consultation, according to Jill Sommers, a commissioner at the regulator – despite the publication of a notice of proposed rule-making by four regulatory agencies on October 11.

Section 619 of the Dodd-Frank Act – or the Volcker rule as it is more widely known – prohibits banks from engaging in proprietary trading, as well as owning, sponsoring or investing in hedge funds and private equity funds

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