The Volcker Rule is the keystone of the most sweeping overhaul of financial regulation since the Depression. The rule imposes some requirements that are tougher than the banks had hoped.
[ipaper docId=190702469 access_key=key-1ebwuso1gsxd54voenad height=600 width=600 /]
The banking and securities regulators would like us to think they can rein in the country’s biggest financial institutions. They can’t even tame a bunch of nosy journalists. Public expectations for how the Volcker rule plays out in the years to come will be and should be low.