01:19 01:19 What is the 'Volcker Rule' A federal regulation that prohibits banks from conducting certain investment activities with their own accounts, and limits their ownership of and relationship with hedge funds and private equity funds, also called covered funds. The Volcker Rule’s purpose is to prevent banks from making certain types of speculative investments that contributed to the 2008 finan
Volcker Rule. At issue is this: Can a bank buy a series of bonds, for example, and keep some of them on their balance sheet — or to use Mr. Dimon’s analogy, on the bank’s store shelves — until they can find a customer? The way the Volcker Rule is currently construed, a bank can’t keep any merchandise on its shelves.
Fed gives banks five years to comply with Volcker Rule limits