US regulators loosen Volcker Rule for small banks

paul-volcker

The Federal Reserve and other US regulators have lightened the regulation of relief to smaller “community” banks under the Volcker rule. But the regulators seem to be resisting political pressure to make similar concessions to larger banks.

The Volcker rule prohibits banks from using customers’ deposits to make certain kinds of investment. Named after the former Fed president Paul Volcker, it is a section of the Dodd-Frank Act and came into effect in 2015.

The change to the rule was announced

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: