Investors back Obama bill without ban on proprietary trading

Global investors support US legislation that would raise capital requirements for banks and strengthen consumer financial protection, even as they oppose the so-called Volcker Rule to ban proprietary trading by financial institutions. Seven out of 10 investors support moving trades of standardized derivatives to exchanges while slightly more than half reject a rule that would force financial companies to separate their swaps desk from commercial banking, according to a global quarterly poll of investors and analysts.