Sector Regulation Sector Regulation

Democrats at US Fed, FDIC dissent on rollbacks of Volcker Rule, derivatives margin requirements for banks

By Neil Roland
  • 25 Jun 2020 17:12
  • 25 Jun 2020 17:12
Two US agencies eased post-2008 bank safeguards today over the objections of Democrats concerned that the relief to banks will increase systemic risks during the pandemic.

Volcker Rule restrictions on banks’ sponsorship and investment in venture and capital funds were ended by the Federal Reserve and Federal Deposit Insurance Corp., among other agencies.

The

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