Volker Rule Gets Trumped & Ready for a Greater Recession

Banks could invest heavily in or even sponsor venture capital funds under a proposed change to a post-crisis rule that was intended to limit their risk-taking. The proposal, unveiled by the Federal Reserve and other banking agencies, would revamp the Volcker Rule, which was created as part of the 2010 Dodd-Frank law. The rule restricts banks like Goldman Sachs and J.P. Morgan from making risky bets with customer deposits and generally prevents firms from sponsoring or investing in private equity and hedge funds. Regulators tapped by President Trump have been steadily chipping away at post-crisis banking rules.

MORE

NOTE: By Clicking in the “MORE” Link You Will be Leaving CardBuzz or Sites Owned and Operated by Ruebud Media. While CardBuzz Carefully Selects Articles Published by Established and Credible Sources We Are Not Responsible for 100% Accuracy of Third-Party Content. Any Opinions Offered within the Content Are Solely by the Source and not CardBuzz or its Affiliates or Partners.

Some Articles May Require Authorization, such a Trial or Paid Subscription, to Access the Full Text of Article. Please note CardBuzz Receives No Compensation or Commission Whatsoever from Any Content Sources. Also note Ruebud Media’s Security and Privacy Policy Does Not Extend to Third Party Content Providers.

CardBuzz Focus Areas: e-commerce; m-commerce; m-wallets; biometrics; cryptocurrency; artificial Intelligence; blockchain; fintech; fraud; NFC; POS; NFC; EMV; P2P; credit cards; debit cards; charge cards; prepaid cards; cross-border; cybersecurity; processing; consumer banking; loans; debt; insurance; mortgage; investing; saving; debt collection; sub-prime; consumer confidence; business confidence; investor confidence;

OTHER RELATED SERVICES:

PYRPTS (global payment reports)

PYVNTS (global payment events)

BankCenter (payment news releases)

CardFlash (payment executive news)

CardTrak (consumer payment news)Paragraph

CardData (quarterly payment data)

RAM Research (consulting)

RAM Research (research)

The RAM Reports (annual payment reports)

CardBuzz is a Division of Ruebud Media, Inc.

#dodd-frank #volkerrule #bankfriendly #risk #venturecapital #banksafetynet #congress #ICBA #FDIC #regulations #Fed #jeromepowell #ultrarich

1 thought on “Volker Rule Gets Trumped & Ready for a Greater Recession”

Comments are closed.