Read the case no 3 Volker Rule And answer the following questions: In the process read case 4:Strategies for Financial Institutions Group work----assignment no 2last date to be declared..upload in link created in VC Assignment 1. In this case, at what stage in its life cycle is the nonmarket issue of the Volcker rule (regulation of proprietary trading)? 2. Map out the interests and their potential influence. Is the Volcker rule likely to pass? Why, or why not? 3. Propose a nonmarket strategy for a large bank to deal with the threat of the Volcker rule. Make sure the strategy looks not only at the current stage of the issue but at future stages as well. PS: Your answers to above should also include the following: Should banks be allowed to engage in proprietary trading? Why, or why not? What are the interests and their potential influence for each side of the issue? Who has the balance of influence? Who are the banks opposition and allies? What are the sources of strength of the banks opposition in terms of influencing legislation? What are the sources of strength for the banks and its allies? Should the banks support the Merkley-Levin amendment? Why, or why not? What are the banks general market strategies? How does the nonmarket issue of proprietary trading relate to their strategy? What should a banks nonmarket strategy look like here (both its strategy for the legislative and administrative phases of the issue)? Is it likely to be successful?