Fed's Quarles says regulators have begun work to 'streamline' Volcker Rule
January 19, 2018 at 14:21 PM EST
WASHINGTON (Reuters) - U.S. financial regulators have begun work on a proposal to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday, in a development that will be cheered by banks that have long complained the rule is too onerous.