WASHINGTON—U.S. regulators are planning to make changes to the controversial Volcker rule that could save Wall Street billions of dollars, according to a Reuters report. The changes would reduce the compliance burden and give banks more flexibility in trading on their account.
The Volcker rule is a provision in the Dodd-Frank Act, a massive compilation of banking regulations enacted in 2010 by the Obama administration. The provision prohibits banks from engaging in risky market bets and limits their relationships with hedge funds and other private funds.
