In the Headlines
September 6, 2019
For Biggest U.S. Banks, Volcker Rule Rewrite a "Shoulder Shrug," Experts Say
S&P Global Market Intelligence
Finalized in 2013, the Volcker rule was established after the financial crisis to limit risky trading activities by the banking industry. Revisions to the Volcker rule keeps the stiffest standards in place for big banks and applies only modest changes to smaller banks.
"For the biggest banks, it's sort of a shoulder-shrug," Public Policy Attorney Kara Ward said. "Since they're still subject to market risk compliance measures ... it's roughly about the same."
READ: For Biggest U.S. Banks, Volcker Rule Rewrite a "Shoulder Shrug," Experts Say