Five Years After the Sub-Prime Crisis, Regulators Face Critical Moment in Implementing the "Volcker Rule"
Almost four years since President Obama endorsed the so-called “Volcker Rule,” five US regulatory agencies are still debating its precise formulation. The rule, which is designed to prohibit banks from making risky, speculative bets, was passed into law as Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) on July 5, […]