Volcker rule undergoes slimming regime

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By Jasper Cox
21 Aug 2019

The Volcker rule is set to be tweaked, simplified and watered down, changing the section of the US’s Dodd-Frank regulations stopping banks from engaging in proprietary trading. Only banks with more than $20bn of trading assets and liabilities will face the fullest compliance programme, while rules over what is identified as prop trading have been weakened.

The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) — two of five US regulators charged with implemented the Volcker rule — approved a set of changes on Tuesday.

“One of the post-crisis reforms that has been most challenging to implement ...

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