Federal Reserve Delays Enforcement of Volker Rule
The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial overhaul bill passed nearly two years ago. It restricts U.S. banks from making trades that put the bank and depositor funds at risk. But regulators are struggling to iron out the details of those rules.