Fed and other US regulators call for major changes to Volcker rule

Complex legislation has created compliance uncertainty, Federal Reserve argues

Federal Reserve
US Federal Reserve

The US Federal Reserve and four other financial regulators have jointly proposed simplifying some of the elements of the Volcker rule, which limits speculative trading at banks.

The Fed argues in an official statement published on May 30 that “experience has shown the complexity of the rule has created compliance uncertainty for firms subject to the rule”. 

It called for “eliminating or modifying requirements that are not necessary to effectively implement the statute, without diminishing the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.