Trump Regulators Just Rolled Back a Major Obama Era Bank Reform – Mother Jones

On Thursday, five federal regulatory agencies voted to roll back a key financial rule enacted following the 2008 financial crisis. The change will make it easier for banks to invest in venture capital and will tweak some restrictions on bank investing in hedge funds and private equity—all forms of riskier investing that Congress limited after 2010. The revised rule will also shrink the financial cushion that banks are required to keep on hand during certain types of derivatives trading. This particular change could free up an estimated $40 billion of capital for banks to trade with. https://www.motherjones.com/politics/2020/06/trump-regulators-just-rolled-back-a-major-obama-era-bank-reform/