Fed seeks to boost market making with Volcker rule overhaul

Tyler Davies

May 31, 2018 01:00 pm

Randal_Quarles_2_PA_230x150 — Randal K. Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve System, testifies before the United States Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington, DC on The Semiannual Testimony on the Federal Reserves Supervision and Regulation of the Financial System on Thursday, April 19, 2018. Credit: Ron Sachs / CNP - NO WIRE SERVICE - Photo: Ron Sachs/Consolidated/dpa | Ron Sachs/DPA/PA Images

The US Federal Reserve Board has put forward a sweeping set of proposals to soften restrictions on proprietary trading under the Volcker rule, in a move that could free up banks to pursue more transactions related to underwriting and market making.

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Tyler Davies