(Jul 19) -- Acting Comptroller of the Currency Keith Noreika said the OCC may issue an advance notice of proposed rulemaking, and a request for comments, on overhauling the Volcker Rule, which limits proprietary trading by banks. The notice could be issued within a few weeks, without coordinating with other financial regulators. In a speech at the Exchequer Club in Washington, Noreika said he w
ould ask, "What's right or what's wrong with the rule? What would you change? How would you change it? And do you have any data to support that?" Although the OCC may propose a rule and seek comments, before any major changes could be made, the OCC would need input from the four other Volcker Rule agencies (the Fed, FDIC, SEC and CFTC).