Home \ Keywords \ Wall Street lobbying

You are here

Wall Street lobbying

FED GIVES BANKS 2 MORE YEARS ON RISKY SECURITIES

"The Federal Reserve is giving U.S. banks two more years to ensure their holdings of certain complex and risky securities don't put them afoul of the new Volcker Rule.

"The Fed's move announced Monday didn't give banks an outright exemption for the securities from the Volcker Rule's ban on high-risk investments. Wall Street banks had sought an exemption and the leading Wall Street lobbying group expressed disappointment with the Fed's move.

Pages