Regulators are shooting to have the Volcker Rule finalized by the end of the year, the acting chairman of the Federal Deposit Insurance Corp. (FDIC) said Friday.

"That's the intention — to try to get it done," Martin Gruenberg said when asked whether he thought regulators could complete the rule implementing the Dodd-Frank Act's ban on proprietary trading by banks before January 1, 2013. "We will see."

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