Dodd-Frank prop desk carve-out creates restructuring risks
Intellectual property and internal talent could get caught up in bank prop desk divorce
WASHINGTON, DC – Requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act for financial services firms to spin off their proprietary trading operations into independent units have left questions unanswered over how firms should handle restructures. How these new, spun-off firms will be structured is unclear, as the US supervisory agencies chew over how to turn Dodd-Frank
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