Fed Releases Proposal for Easing Volcker Rule Trading Limits

[Viking]

Vote today was 3-0. It appears changes will be coming later this year that will reduce compliance costs for the big banks. Another change that will improve their profitability. The ‘story’ for the big banks just keeps getting better. :-)

 

“The Federal Reserve Board, now led by Trump appointees, is set to take the most concrete step yet to roll back the Volcker Rule, which was key to Washington’s efforts to make the industry safer after the 2008 meltdown. The Fed’s vote, scheduled for Wednesday, would kick off an administrative process aimed at significantly reducing compliance costs for financial firms.”

 

http://fortune.com/2018/05/30/fed-proposal-volcker-rule-trading-limits/