The measure, named for former Fed Chairman Paul Volcker, was among the government’s most significant and contentious responses to the 2008 crisis. It was a central component of the 2010 Dodd-Frank Act, and the first version took more than three years to write. If the agencies return to the drawing board for the overhaul, it could add several months to the process, which would require another round of public comment.
Treasury Secretary Steven Mnuchin in late 2018 blamed the Volcker rule and high-frequency traders for year-end market volatility. The rule has been linked in some studies to reducing bond-market liquidity.
This article was provided by Bloomberg News.