A new report from the Securities and Exchange Commission staff undercuts one of the motivations for the Trump administration’s efforts to revise one of the major post-financial crisis rules on banks.
The 315-page report released Tuesday afternoon, requested by Congress at the end of 2015, concludes that there is no evidence that the Volcker Rule, the regulation preventing banks from speculating with deposits insured by the government, has damaged banks’ ability to lend.
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