Comments on: Citi should unilaterally adopt the Volcker rule http://blogs.reuters.com/felix-salmon/2010/02/01/citi-should-unilaterally-adopt-the-volcker-rule/ A slice of lime in the soda Sat, 18 May 2013 18:11:35 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: jhedges http://blogs.reuters.com/felix-salmon/2010/02/01/citi-should-unilaterally-adopt-the-volcker-rule/comment-page-1/#comment-11691 jhedges Mon, 01 Feb 2010 16:50:10 +0000 http://blogs.reuters.com/felix-salmon/2010/02/01/citi-should-unilaterally-adopt-the-volcker-rule/#comment-11691 <em>"Pandit should get out in front of this rule, and put the entire Citi Capital Advisors operation, along with all the rest of his buy-side operations, on the block."</em> The Volcker Rule does not require the divestiture of all buy-side operations. It only requires the divestiture of internal hedge funds, PE funds, and prop trading desks. Asset management arms, internal money market funds, etc., are all left untouched by the Volcker Rule. “Pandit should get out in front of this rule, and put the entire Citi Capital Advisors operation, along with all the rest of his buy-side operations, on the block.”

The Volcker Rule does not require the divestiture of all buy-side operations. It only requires the divestiture of internal hedge funds, PE funds, and prop trading desks. Asset management arms, internal money market funds, etc., are all left untouched by the Volcker Rule.

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