WASHINGTON (Reuters) – U.S. regulators have circulated a brand new draft of the “Volcker Rule” that will additional ease its necessities and scrap a proposed new check that had been met with fierce resistance from Wall Road, in line with two folks with data of the matter.
FILE PHOTO: The Federal Reserve Board constructing on Structure Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid
The modifications can be a reduction for Wall Road, which had nervous the proposed modifications would truly create extra complications for the business.
Regulators are aiming to vote in coming weeks on the revamped model of the rule,…