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Volcker Rule Finalized

Here's what's in the much-anticipated final version of the Volcker Rule, designed to increase oversight of securities trading.

By Silla Brush, Cheyenne Hopkins, and Jesse Hamilton, Bloomberg | Updated on December 10, 2013

Wall Street faces intrusive new government oversight of trading after U.S. regulators issued what they billed as a stricter Volcker rule today, imposing restrictions designed to prevent blowups while leaving many of the details to be worked out later.

The Federal Reserve, the Federal Deposit Insurance Corp. (FDIC), and three other agencies are set to sign off today on the proprietary trading ban, which has been contested by JPMorgan Chase & Co., Goldman Sachs Group Inc., and their industry allies for more than three years. Agencies were proceeding with plans to release the rule in Washington even as a snowstorm forced the federal government to close.

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