Gensler Says CFTC Plans to Propose Volcker Rule in January
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U.S. Commodity Futures Trading Commission Chairman Gary Gensler said his agency may vote to propose the so-called Volcker Rule in January, following in the footsteps of four other federal agencies.
The CFTC is the last of five U.S. financial regulators to propose the rule, which would curtail banks’ proprietary trading and limit their relationships with hedge funds. The rule, named for former Federal Reserve Chairman Paul Volcker, is required by the 2010 Dodd-Frank Act.