A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars’ worth of assets not currently caught by the regulation.
As Washington pursues an agenda of deregulation, community banks watch and wait for something that will actually benefit their portfolios.
U.S. regulators on Wednesday proposed simplifying a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account in order to make compliance easier for many firms.
Companies across a variety of industries are expecting larger deals and a pickup in merger and acquisitions in 2018 – but in the banking world, experts expect the opposite.
There has been growing momentum throughout the year to alter or repeal the Volcker Rule. Earlier this month, the U.S. Office of the Comptroller of the Currency sent out a formal notice soliciting comment on whether certain parts of the rule should be revised.
