Regulators Consider Easing Volcker Trading Rules
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U.S. regulators are considering changes to the Dodd-Frank law that could ease requirements on the Volcker Rule’s trading restrictions.
Scott Alvarez, the Federal Reserve’s general counsel, said the central bank is reviewing whether to extend a deadline for implementing the Volcker Rule and changing “metrics” used in the regulation. He said a rule requiring banks to separate their derivatives trading from units that benefit from federal backstops should be revisited.