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New Volcker Rule

Here Are the Key Wins for Wall Street in the Weakened Volcker Rule

Based on a quick reading of the new Volcker Rule, the FDIC fact sheet, Director Marty Gruenberg’s dissent, and comments made at the FDIC meeting, financial regulators handed Wall Street its biggest victory since the 2008 financial crisis.  In addition to not finalizing the Fair Value Accounting Test—which was vehemently opposed by Wall Street-- the new rule delivers the foll