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Ban Prop Trading Under Other Names: Kelleher and Jarsulic

"The Volcker rule, the part of the 2010 Dodd-Frank Act that seeks to limit the threat that big banks’ high-risk trading poses to the entire financial system, is in trouble."

"Named after former Federal Reserve Chairman Paul Volcker, the rule requires that bank holding companies stop proprietary trading, in which they speculate with the banks’ own money. The law specifically allows certain traditional, lower-risk transactions, including market making, in which banks trade in response to customer requests."

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