Fed unveils rewrite of 'Volcker Rule' limits on bank trading

By Michelle Price and Pete Schroeder WASHINGTON (Reuters) - U.S. regulators on Wednesday proposed simplifying a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account in order to make compliance easier for many firms. The rewrite of the so-called Volcker Rule marked another step by regulators under U.S

from Latest News Business on Firstpost https://ift.tt/2slrCoo