Estimated reading time: 0 minutes, 24 seconds

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have approved a revised version of the “Volcker Rule” that reduces restrictions on trading that applied to banks that accept taxpayer-insured deposits. So reports Reuters.

The change has won praise from the banking industry which has said the rule is too vague and complex, but criticism from consumer advocates who say the change puts taxpayers’ money at risk.

Read the full article from Reuters.

Read 1580 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline