Last week, the Federal Reserve Board proposed several changes to the Volcker Rule, which was originally passed in response to the financial crisis of 2007-2009 to limit risky trading activities by banks.
The proposed changes would ease the current requirements of Volcker—there would no longer be a presumption that investments purchased and held by a bank for less than 60 days are proprietary, banks with trading assets of between $1 billion and $10 billion would have reduced compliance requirements and banks with less than $1 billion would be presumptively compliant with the new rule.
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