Bank Regulators Approve Final Version of "Volcker Rule"
Restricts risk-taking
After years of debate, federal regulators have voted to approve the final version of a rule designed to prevent federally insured banks from engaging in risky trading.
The final rules prohibit banks from engaging in short-term proprietary trading of certain securities, derivatives, commodity futures and options on these instruments merely for profit.
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The words are so vague. Biz as usual. Has Volcker commented?