Wall Street Nears Big Win in Volcker Rule Revamp

The transcript discusses potential changes to the Volcker Rule, which could lead to lighter restrictions on US banks, particularly in proprietary trading, private equity, and hedge fund investments. Critics argue that these changes may make it easier for banks compared to previous proposals under the Trump administration. The technical aspects of the rewrite involve accounting standards and securities, with the new proposal expected to be less stringent on banks.

What specific aspects of trading and investments will see lighter restrictions?

What was the initial intent of the rewrite of the Volcker rule under the Trump administration?