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AmericasJuly 4 2018

US agencies start to simplify the Volcker Rule

On May 30, the US Federal Reserve kicked off with a 60-day consultation to try and make the Volcker Rule work better for banks and the regulator. This is likely to be quite a challenging process as creating clear definitions around different types of trading, for example, is quite difficult.
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What is happening?

The five US regulatory agencies in charge of overseeing the Volcker Rule are trying to figure out how to change it so it works more effectively without undermining its purpose. On May 30, the US Federal Reserve launched a 60-day public consultation to get feedback on some ideas and to pose an enormous number of questions, suggesting that significant technical revisions are in the pipeline.  

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