Volcker Rule Takes Effect On Big Banks

The Volcker Rule, built as a significant part of the Dodd-Frank financial reform legislation in 2010, officially took effect on July 22, with major banking institutions ready for the increased regulations.

According to the International Business Times, the Volcker Rule “aims to curb some of the riskiest activities on Wall Street and make the financial system safer.” The rule attempts to block any activity that could possibly lead to another economic collapse precipitated by the banking...

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