It's becoming more clear that Goldman Sachs (NYSE: GS) doesn't want to wait around until the Volcker Rules are specified to the letter. While many think the industry as a whole would be able to shape the ultimate rules to their liking, the uncertainty may be something that potential investors want to avoid.

So we're seeing banks ponder some interesting moves. According to some analysts, Goldman is moving toward spinning out various units, such as its private equity and hedge fund arms and then establishing management contracts that would take the standard management and performance fees. Dick Bove on CNBC says the bank might end up better off that way.

TGoldman may also be considering a similar move with its proprietary trading arm. The bank indeed may have already distributed some prop traders to various asset management units. We're seeing this sort of thinking going on at Morgan Stanley and Bank of America as well. 

For more:
- here's the CNBC video

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