U.S. banking regulators ease rules around firm investments, internal trading – ZAWYA

U.S. banking regulators ease rules around firm investments, internal trading – ZAWYA

U.S. banking regulators ease rules around firm investments, internal trading U.S. banking regulators ease rules around firm investments, internal trading | ZAWYA MENA Edition HomeBusinessArticleU.S. banking regulators ease rules around firm investments, internal trading The rules were jointly unveiled by regulators on Thursday    An employee counts U.S dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. Image used for illustrative purposeWASHINGTON- U.S. banking regulators Thursday unveiled a pair of rules that will make life easier for large banks with complex trading and investment portfolios.One rule wraps up a long-running effort by Republicans to overhaul the so-called "Volcker Rule," clearing the way for banks to make larger investments in riskier funds like venture capital funds. The second relieves banks from having to set aside cash to safeguard derivatives trades between affiliates within the same firm. The move hands a win to big global banks that had lobbied for the relief, as industry estimates it could free up as much as $40 billion in previously reserved cash. One rule wraps up a long-running effort by Republicans to overhaul the so-called "Volcker Rule," clearing the way for banks to make larger investments in riskier funds like venture capital funds. WASHINGTON-