{"id":16447,"date":"2010-06-29T07:16:23","date_gmt":"2010-06-29T11:16:23","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16447"},"modified":"2010-06-29T07:16:23","modified_gmt":"2010-06-29T11:16:23","slug":"volcker-rule-may-give-goldman-citigroup-until-2022-to-comply","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2010\/volcker-rule-may-give-goldman-citigroup-until-2022-to-comply.html","title":{"rendered":"Volcker Rule May Give Goldman, Citigroup Until 2022 to Comply"},"content":{"rendered":"<p>Bloomberg &#8211; Goldman Sachs Group Inc. and Citigroup  Inc. are among U.S. banks that may have as long as a dozen years to cut  stakes in in-house hedge funds and private- equity units under a  regulatory revamp agreed to last week.<\/p>\n<p>Rules curbing banks\u2019 investments in their own  funds would take effect 15 months to two years after a law is passed,  according to the bill. Banks would have two years to comply, with the  potential for three one-year extensions after that. They could seek  another five years for \u201cilliquid\u201d funds such as private equity or real  estate, said Lawrence Kaplan, an attorney at Paul, Hastings, Janofsky  &amp; Walker LLP in Washington.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2010-06-29\/volcker-rule-may-give-goldman-citigroup-until-2022-to-comply.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Goldman Sachs Group Inc. and Citigroup Inc. are among U.S. banks that may have as long as a dozen years to cut stakes in in-house hedge funds and private- equity units under a regulatory revamp agreed to last [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16447","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16447"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16447\/revisions"}],"predecessor-version":[{"id":16448,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16447\/revisions\/16448"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}