Government Information

Earl Gregg Swem Library

Agencies Issue Final Rules Implementing the Volcker Rule

Categories: Financial Crisis/Markets,Headlines,Laws/Regulations

http://www.federalreserve.gov/newsevents/press/bcreg/20131210a.htm

Press release which announces approval for publication of the final regulations prohibiting banking institutions from engaging in risky, short-term proprietary trading with their own funds.  The rules, an attempt to prevent another financial crisis like the 2008-2009 one, also limit bank investments in hedge or other private equity funds. Includes links to the regulation text, preamble, and a fact sheet.   From the Federal Reserve and other federal banking regulators.