Bankers’ calls for a tailored, streamlined approach to enforcing the regulatory framework implementing Section 619 of the Dodd-Frank Act provision, commonly known as the “Volcker Rule,” have been answered by a newly finalized joint agency rule revising provisions governing banks’ ability to engage in proprietary investment activities.
Regulators and banking industry advocates assert that the final rule will bring appropriate regulatory relief to the banking industry without compromising safety and soundness. However, credit union advocates and consumer groups have cast doubts on the latter notion.
Learn more details about the newly finalized rule.