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Regulators are examining potential changes that can be made to the legislation which bans proprietary trading using the bank’s own capital.
- Banks under $10B in assets are likely to get relief as part of a new bill being considered in Congress.
- Larger banks also want reprieve as they would like to shift the monitoring of violations of the Volcker Rule to regulators.
- Currently trades held for less than 60 days need an explanation convincing regulators the trades are client activity.
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