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1.Market Observations, 8.Was Sticky

1 June 2018 (AFR,FT) – US regulators begin major easing of Volcker rule

(1 June 2018, AFR, p29, by Barney Jopson and Robin Wigglesworth)

‘US regulators have begun a major easing of the Volcker rule ban on bank risk-taking, proposing to give institutions much greater freedom to trade by cutting back a centrepiece of post-crisis reforms. Led by the Federal Reserve, regulators on Wednesday unveiled a series of changes that will soothe longstanding bank grievances over the Volcker ban on speculative trading, which was inspired by last decade’s mortgage meltdown.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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