Jerome H. Powell, a governor on the board of the Federal Reserve System, prepares to testify to the Senate Banking Committee on Capitol Hill in Washington on June 22, 2017. Photo courtesy REUTERS/Joshua Roberts
Volcker Rule changes to loosen rules around trading
Regulators seek input on definition of what funds should be covered
Few, if any, changes expected in Volcker Rule's treatment of PE investments
Federal regulators are pursuing a plan to loosen some of the Volcker Rule’s constraints on proprietary trading, though they leave the treatment of private equity largely unchanged. The Federal Reserve’s board approved proposed changes to the rule, named for former Federal Reserve Chairman ...