Clampdown on Wall Street

Aimed at curbing risky trading by banks, the 'Volcker Rule' has been approved by regulators in America.

Four years after it was first proposed, US regulators have approved the Volcker Rule.

Named after the former chairman of the US Federal Reserve, this bans banks from making bets with their own money proprietary (prop) trading in order to reduce the likelihood of Wall Street's big players engaging in overly risky activity and requiring a bail-out.

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