WASHINGTON (Reuters) – U.S. regulators have circulated a brand new draft of the “Volcker Rule” that may additional ease its necessities and scrap a proposed new check that had been met with fierce resistance from Wall Avenue, based on two folks with information 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 adjustments can be a reduction for Wall Avenue, which had fearful the proposed adjustments would truly create extra complications for the business.
Regulators are aiming to vote in coming weeks on the revamped model of the rule,…